We're already heading down the road where future generations will need to test historic video and film record using heuristic analysis. Aside from the ethical argument, it does provide some exciting possibilities for restoring Star Wars to it's 1977 glory.
I was also thinking about the recent discovery of the full version of Fritz Lang's Metropolis. The print is in rough shape, but a technology like this could help restore new sections of the film to a watchable state.
@Ripplin - Superpowers! Got any!?!