I'm thinking of making my own edit of Ep 2 once I get some time. I like what MagnoliaFan did and would use his as a template so I guess it would be somewhat of a hybrid perhaps. Just a few nips here and there. Anyway, some of these are probably pretty silly, but oh well.
-drop the "I think" from when Anakin says it's a short cut. He's supposed to be cocky, right?
-drop Obi-Wan's "Good call, my young padawan" line
-drop Padme's "R2 what are you doing here?" line and just have Threepio tell them he has a message.
-drop the seperatist dialogue/scene on Geonosis. I think it's unnecessary (not to mention poorly done). The seperatists are already there. Why do they need to pledge their allegiance? I would only leave in Dooku speaking.
-When Obi-Wan picks up the dart, I would overdub "Kamino". While it might not work perfectly, it would eliminate any need for Dex's "diner". I would still leave in Obi-Wan's search for information on Kamino. I know Cleveland is in northern Ohio, but that doesn't mean I wouldn't need directions to get there.
-When Obi-Wan is chained to the post and and says "Good job" I would splice in a shot of the full stadium as he looks up.
-drop the assembly line scene. Show Padme landing and riding the conveyor belt away, then show her being caught by Geonosians. Show Anakin jumping down and being surrounded by Jango and droidekas. I'd even go as far to drop the R2 and Threepio all together from Geonosis (assumably they'd stay on Padme's ship) but this might cue music problems during the arena battle. I know that might be blasphemous considering the droids are always in the think of things in every movie, but I feel they added very little to the Geonosis scenes.
-Restore the hiss of Anakin's lightsaber in the Tuskan camp
-Restore the first "Tell us" when Anakin is accosting Zam
I'm not sure what I would do about the Dooku duel(s).