The only things I see creating a v3 are new visual effects being released by the community or (please God) the release of several deleted scenes from TROS.
The lack of deleted scenes for TROS is the main reason I’m not touching edits of the sequels for some time and will just reccomend Hal’s cuts here instead. I’m perfectly content keeping my hands tied into the Lucas era for the time being.
I would eventually like to do 4K extended cuts myself, but until we have actual new content to play with, I think this “community cut” is about as good of a version of the film as there ever could be. It’s certainly one of the most elaborate community Star Wars projects I’ve seen yet, and far more than I could ever do as one lone editor.