Jay said:
Peter Jackson has said in interviews that he's been working on the Blu-ray release. I think we'll see them at some point next year, most likely as a box set with all three films. Hopefully we get the extended cuts in addition to the theatrical cuts and Warner doesn't force us to double dip.

The films weren't shot with HD cams; they were shot on Super35. Film has a higher "resolution" than HD, so that's actually a good thing. I'm very concerned that the recent anti-grain trend will lead to digital noise reduction on these releases, which removes film grain--along with high frequency detail. It's been a problem on many recent Blu-ray releases because of misguided studios trying to make films look "clearer" and more like video.

I doubt they'll have to redo the CG from the ground up. It was most likely rendered at 2K resolution during post production, which is slightly higher than HD's 1920x1080.

Okay, so what is the resolution of 35mm film, then? I asked this film fanatic at my university and he said it was unlimited. Sorry for sounding like I'm jumping the gun, but I'm calling bullshit. A picture has to have a finite amount of detail. There has to be a point where scanning it at a higher resolution would only pick up flaws in the film stock, if that.

As for grain removal, I've voice my opinion several times on here that I am not a fan of grain. However, I realize that grain removal needs to be done competently, and DNR just doesn't cut it. I'd rather have a cloud of filth over the picture than have it blurred to fuck and back. If they're going to do it, I hope they use Lowry. No blurring of detail AND no grain.