It was fun to work on, and I have to say, for the most part, I think it's a better film now. We treated it as if we were starting post production from the ground up - this is far more the movie Robert Wise wanted to make, and rather than preserve, I'd like to see everyone DESTROY all previous versions of the movie!! ;-)
One sad thing I should report is that we'll never see the Director's Cut in HD - it was all done in standard def NTSC. We wanted to finish it in HD, but the hi def market hadn't even really been started yet and the studio was inclined to save the extra money.
Even though all the live action from the HD version could theoretically be edited together to form the Director's Cut, all the new visual effects were only rendered at 480.
By the way, here is an edit I did of the movie while working on the project:
http://www.youtube.com/watch?v=nPXx2ceFr1k
Enjoy!
PS: TXH1138 - I was at the same "Sit Long And Prosper" screening! And yes, it was the longer edition.