I'm another one who would love to see this available in it's widescreen aspect. This is a terrific movie that I loved when I was younger, and so do my brats. I picked up the PAL Region 2 version a few weeks ago when I saw it for £4 locally, but was disappointed to see it wasn't in widescreen.
I read somewhere that the Region 1 release (which does seem quite expensive to source now) doesn't seem to have the CORRECT widescreen ratio! Can somebody confirm this?