Casualimp- thanks for your comments. For the immediate future, I'm working only on Episode II. When I'm done with that, I'll tackle III after a short break. My Episode I will be based heavily off Balance of the Force (using modulated German instead of backwards Spanish for the alien languages). Even alone, my Episode II ties with Balance of the Force except that Jar-Jar and the Nemoidians will sound different. The most exciting aspect of Episode I (when I get to it) is that it will have a prologue before the logos and crawl. Also, I'm considering just calling it "Star Wars" and not giving it a subtitle (like the original '77 release of SW). Anyhow, Episode II is the only one being worked on now, and it is, like Balance of the Force, a pretty radical departure from the original, and I have Mark Haslett to thank for his comments regarding the strengthening of Anakin's character. Making him believable and a symphathetic character makes the whole saga work.
And as I've said before, I have no plans to edit the OT- just the prequels.