I realize that DivX did not stand a snowball's chance in hell. However, there was still question as to whether all the major studios would adopt DVD, dare the DivX waters, or try to come up with a whole new format.

I still stand by my belief that it wasn't released because of Lucas' involvement in TPM. Yes, he could've released a movie-only version. But, as we all now know, that to Lucas would be a half assed attempt. He wants to be involved. He would never let his films be prepped by someone else without him there. Even if they are his hand selected ILM and Skywalker Ranch folks. Should happen, but never will. Even this year's DVD version will have Lucas' hand in the creation.