An update which is in fact not an update at all, but a sad story.
I somehow accidently overwrote my project file and everything I did so far was lost.
So I have to start over. This time I'm going to start with color-adjusting first and possibly release that alone before I do my edit. I'm using a 720P HD broadcast as a source, since the quality of the DVD isn't that great. The broadcast still has Edge Enhancement and grain, but it doesn't have the poor compression artifacts of the DVD and has greater detail. (Talking about Phantom Menace here)