Worse case: It will be a cheaply done LD rip. As said before, some of the worst DVDs around (especially back when DVD first came out) are LD rips. Most of the fan-done preservations will look/sound better.
As for being grateful, no. They could of done so much better, and are treating this like an afterthought. They chose the quick and easy path, and we all know where Yoda said that leads...