After mentioning the Flunk release in the other thread, I've also remembered there was another transfer called the Reivax version. Again, apparently it's a professional digital beta tape transfer, but I think only ANH was ever made available. I have no idea how the quality compares.

@wookielover69: Max_Rebo stated above he will be making both PAL and NTSC versions.

From what I've gathered, the plan is to make an NTSC version by combining video converted from the PAL with the untouched Dolby Digital track off the NTSC laserdiscs (although minor edits may be required if the DVB and LD versions have differing frame counts). I assume also that Max will be making a new 5.1 mix for the PAL version by speeding up the LD audio and re-encoding a new AC3 track.