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I sat in the Egyptian and watched Lucas when they screened clips from the original versions at a special ILM retrospective, and he looked like he wanted to crawl out of his skin. He hates those films. He hates watching those films. He is embarrassed by his own accomplishments, and he has gone around the bend.
I really get the impression that its not just the FX, but the OT in general that he hates. I haven;t heard him say a nice thing about the OT since the PT started to come out. ANd I know from reading interviews that he considers ESB the worst of the saga.