Just saw the "Attacks of the Federation" edit... well, congatulations! Great job!
I've always thought TPM was the best of the prequels (at it's core plot sequence) and your edit only reinforced my belief. Removing the awfull battle droid voices was a great idea, although there are several scenes when they are obviously supposed to talk between themselves in the original and yet they are completely silent. Maybe you could add just some kind off static/clicking sound (like a radio transmiter) to "liven up" the battle droid sequences. But it's definately better now than the original. I also enjoyed the edit of the ground battle. No more stupid Jar-Jar scenes, but best of all was the ommision of the droid commander - he was just pointless. The droid army now feels a lot more menacing and lifeless.
Great job on the race. It was one of the parts I hated most in the original, but now it's just thrilling to watch. The concealed Sidious was also a very good addition. And I personally thank you for removing the planet core sequence (although I miss Qui-Gon's "there's always a bigger fish line"). There were also some other minor tweaks which I liked.
One thing that could be improved, as already noted, is the musical transition between some scenes. It feel rough.
Image quality was awfull, though. That's not a fault of your edit, of course (I downloaded the 900mb xvid version). I have an original French DVD and even though better than the xvid, the quality is still far worse than the other prequels and at some points, even than the originals. Very grainy, yet lacking in sharpness, dull contrast and too cold colors (again, this is how it looks in my DVD too, so I don't blame you, I'm just irritated that TPM looks... bad).
Well, now only imagine this edit, with Anakin coming alot sooner. Maybe he could have piloted the Naboo royal ship through the blockade as a young adult skilled pilot, rather a (bad acting) kid. TPM also had the best combat scenes, when they made sense (the AAT firing on the Naboo fighters when the took off, palace gunfights and the ambush in the palace square -top notch). Only the wierd semi-cartoon Gungan technology feels out of place. A fully fleshed out love story with Amidala/Padme and some better editing and TPM could have been incredible rather than just good...
Thanks to this edit, it's a lot closer to the better movie it should have been originally.
Thanks!