Other than the contrast ratio, most dvd's look pretty good on our HDtv even though we use a portable dvd player with composite imputs. The unaltered movies actually look pretty good. I like how they look better than the 2004 discs because the screwed up colors and darkened image looks even worse with a poor contrast ratio tv. The anamorphic image with the special editions does not look that noticeably better in my case.
I looked at my E. T. disc on our HDtv and our standard rear projection Mitsubishi tv. I had to make the contrast about 25% on the projection tv to equal the maximum contrast on the HD one.
Here's an example of poor contrast ratio with a screenshot from Blade Runner. The top is the original image and the bottom is what I would likely see with the Sony Wega HDtv.
