"Now that the originals WILL be released on video--is this gonna impact the projects momentum?"
All depends. This sounds great, but the QC on this DVD release had better be better than that of the previous release - in both video and audio.
This could truly be the greatest release ever seen - and yet there are a thousand ways it could be screwed up. I'm hopeful, but wary.
Besides, there's still a lot to be said about finishing the best possible LD transfer ever attempted. I think it's safe to say that, had people not shown so much interest and tireless effort in creating such a version, LFL might never have gotten around to this.