And for the record (even though he has stated it himself in an interview or two as has an LFL spokesperson), George isn't losing any sleep over re-edits. On the other hand, he certainly doesn't like the idea of other people profiting off of his work.
But when it comes to editing, he did the same thing when he was young, recutting old dogfight films and footage from films like the Great Train Robbery as quasi animatics for ideas. If there were conventions and the internet back then, his stuff would probably eventually have gotten leaked and bootlegged, too.