1. He respects the fans and wants to give us what we want. If that were the case then he'd do a restoration, so that's not it.
2. He just wants to fart on us.
All I hope is that he realises he's cutting off his own nose by releasing sub-par material (and that he realises that people don't buy his line on the original media being deteriorated too badly/permanently altered). If he sees that people will laugh at him for releasing it without some work, and some pretty spiffy work at that (why should anyone expect less from Lucas and his $$?), then he'll be forced to actually try.
Unfortunately the cynic in me says that he is too blind to see this and all we'll get is his fart.