Gotta disagree with you about the re-edits. The chronological ordering makes the shift in tone between episodes like "The Phantom Train of Doom," "Oganga, the Giver and Taker of Life," and "Attack of the Hawkmen" quite jarring.
I wouldn't have as huge a problem with the reordering, or with the removal of old Indy (whom I happen to like, thank you very much!) if the episodes themselves weren't so mangled in the obsessive-compulsive desire to have 22 2-hour episodes, instead of the 9 2-hour episodes and 26 1-hour episodes that were originally broadcast.
I would classify the entire first re-edited DVD set as unwatchably bad. The new titles look like someone experimenting with iMovie. Corey Carrier, bless him, makes the voice-over for the first episode sound like a school writing assignment read aloud by one of the child actors in a Peanuts TV special. The awkward episode joiners are terribly painful, as actors struggle to remember the characters they played four years earlier, and Corey Carrier struggles to look prepubescent.
The second DVD set isn't as bad, because most of the episodes were two-parters to begin with, but a lot of it still feels like someone fan-edited it to death to try and remove something that was integral to the original script/edit. (e.g. Oganga, the Giver and Taker of Life's iMovie effect intro to get around the lack of voiceover. It kinda works, but it's also...kinda terrible.) Other episodes, like "Verdun, September 1916" lose their meaning when mashed into a second, unrelated episode. I haven't seen enough of the third DVD set to
I guess what it boils down to is that the series as broadcast was stylistically very early-90s stylistically--cheesy bits with old Indy meeting bad child actors and all--and I'd rather have it all of a piece than suffer through some of the worst George Lucas reshoots committed to film. Besides, Old Indy provides (or in some cases, refuses to provide) the moral to the episodes he bookends, and I would argue, his storytelling provides the central moral of the series: Listen to your elders, because the crazy ol' bat with an eyepatch probably has some amazing stories to tell.