Believe it or not i would not mind actually having a set of the theatrical prequels on Blu Ray. Especially Episode 1. The DVD has awful edge enhancement and too much dnr. Plus they drop in new scenes into the movie that ruin the pacing. The longer podrace is just unnecessary were they to edit and streamline anything why not limit the Jar Jar stuff like stepping in poo and that bird thing farting in his face.
The audio on the laserdisc was better too. The changes in II and III were so small and insigificant they could both be on the same disc via seemless branching. Something which can't be done with the originals since there have been so many changes in the last 2 cuts of the films.
Since Lucas has no intention of restoring or ever releasing the originals again. Why not just put the 2004 screwed up audio and colors and all on Blu Ray and be done with it. It would sell just as well as the dvd, the masses of uneducated fans out there would love it.
They would eat it up just as much as the fanboys of the new star trek movie set 1-6 which had too much dnr done to it. Except for Star Trek II.