Thus, if they were to clean up all of the matting for the sake of cleaner picture and fewer branches, I think that would be acceptable to most, but I'm only guessing ... I'd rather see some discussion from others. I figure some would always disagree, but they're probably a very, very small minority.
Color timing will be subjective and different with every different transfer, so that will always be met with some criticism. It was just so abhorrent in the 2004 DVD that it begs to be fixed. The Definitive Collection was such a painstaking restoration that they really got just about everything right that could be gotten right. The DVD was a piss-poor cash grab and time has shown it.
I sincerely hope that the Blu-Ray release will include everything but the kitchen sink. Seamless branching between O-OT, the 1997 SE, the 2004 SE, and the much rumored 2007 UE. And historical audio tracks for the original mono, stereo options, updated mixes through the years (simply lifting them from their LD masters would be a no-brainer to accomplish), and one juggernaut commentary where you get the surviving cast members to sit down and view the film together and get their banter, like a Kevin Smith commentary track.
This would not be THAT difficult for Van Ling to pull off. He's the master of seamless branching, has been since the introduction of the DVD format. Blu-Ray will take it to the next level. One disc to rule them all. ;-)