That'd be the perfect edit to AOTC, if you ask me. Episode II is the longest Star Wars film and the hardest to sit through without longing to press pause and go see what's going on elsewhere.
This would get AOTC back to a decent running time of about 2 hours. And what it cuts out really wouldn't be missed anyway, IMHO.
Just another idea. I still am trying to learn how to edit video myself, so we'll see how that goes. But this would be a great project to undertake!