This is a project I had hoped someone would try to undertake at some point. Hard to believe, but there is actually some salvageable material in there that would make a great little TV episode type Star Wars story.
You know, when the Special aired in France the French took it upon themselves to edit it as well. They did a similar thing, taking out most of the really campy material. I will eventually be posting an article on it on the starwarsholidayspecial.com detailing the differences. The Swedes edited it as well, but not quite as heavily. Definitely some lesser-known facts about the show.
--SKot