In 1988 George Lucas testified before Congress that the colorization of B&W films would lead to the original films being lost forever. Flash forward a decade and GL does almost this very thing to his own films through the SE's.
So my question here is:
What movies, other than the OT Star Wars, have been "updated," then the original "lost?" Star Wars is probably the most famous example of this sort of thing happening, but are there other examples of this phenomenon?
I remember back in the 90's as a teenager loving the 1st two Alien movies but hating the 3rd. I haven't taken the time to watch the SE of Alien 3 yet but I have heard that the SE fixes almost every problem that movie had. The main point here is that no matter how bad the original cut of Alien 3 was, you can still get both versions, it was never "lost."