Lets say this take a year of hard work and money for the ones involved. And than Lucas relases the Blu-ray in 2011 including the unaltered trilogy. It is possible after all, however, not likely in my opinon.

I guess my point being if this project is ever to see the light of day it should be done fast.

Also, if this, somehow, would be scanned in HD. Then it really puts Lucas in a position that he has to release the orginal on Blu-ray. I mean what a dissaster and an ambarrassament for him, if a fan project turned up in that (presumable)great quality