I honestly prefer the LUT’s so much more. You can customize them and simply apply them yourself without downloading the entire film.
Yes, but there are surely many people who might want to watch it without getting into the business of encoding video! That said, I think Dre has done more than his part in releasing the LUT. If enough people start asking for an encoding, I’m sure one of the many helpful people around here will get around to it at some point.