Time to throw my two cents in.
Yes, I would forgive him if he fixed the OOT; but the truth is this will never happen. First, the only real hope for the OOT to be restores is for Lucas to die. I believe that Lucas is going to be definitely around for another 20-25 years, and by the time he actually passes away the prints of the OOT will be so damaged that any form of restoration will be impossible. As I said a while ago, if there was some law protecting original works against their own creators, we maybe won't have lament the loss of the OOT; alas, that is not what happened.
PS I hate to heretical, but I'm fine with the GOUT, even though it is in "grindhouse" quality.