But I am very, very sorry to hear about Calvert's loss. That's a real shame. Bad luck on both sides of things...
But does it make you nervous, thinking of calling these folks up at Disney and telling them, "Hey, yeah, I'm working on a bootleg restoration of a film you guys own the rights to, hope you don't mind.."? But, I would thingat this point, the good guys would just be relieved to see some publicity coming to this film, and just how beautiful the original version was. If this lights the fire under enough asses in the public, then there's money to be made...
Still, Roy Disney of all people. The closest living relative of THE Disney. Curiouser and curiouser.
And as far as the audio, screw it. Run some clean up on it and release it. It's the only thing you got to work with, unless you can arrange for commentaries. In the meantime, could you at least encode it to MP3 and release it? With some clean up, I'm sure it'd be fine for some casual listening.