In the longer clip, so much of it is just captivating. the cockpit shots i think work the best. There are some times where your understanding of the old material overrides the kaledescope play. (when 3po pops up and some of the walker shots) But there's plenty of great moments where the footage looks like a weird machanical device transforming. thinking about it, shots which have an objects pass through the center (after they've just been slightly off center) give some of the more powerful transformations.
The person who's thread this started out as is using AVIsynth. The guy's not going to release a copy, but he's put up a bunch more pics.
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