I for one would be very keen on attempting an edit like the one I proposed over on the radical redux thread:
Bingowings said :
My idea for the beginning would be from the scroll down to a full Naboo hanging in space the Trade Federation ships surround the planet (does anyone have any more back views of the Trade Federation ships btw?).

Then we see an edited version of Sidious (fully concealed as in many edits) telling Nute Gunray he can land his troops and the landing ships and fighters descend.
The Federation invaded centuries before and were seen by the Gungans as gods but the Naboo fought them and ever since there has been tension (no tax disputes).

The Sith have promised to help them regain power over the contested planet where an uneasy truce gives the Naboo and Gungan's joint sovereignty.
Fighting breaks out in Theed (some of the buildings are destroyed).
Then cut to Coruscant and Amidala's meeting with Palpatine (with the message from Sio Bibble edited in) and an altered Jedi Council meeting where Qui-Gon claims to sense the chosen one and his discovery is linked to the Naboo crisis.
Then the Senate meeting which removes Valorium, then the Queen opts to go back to Naboo to end the crisis.
The Jedi are sent to protect her but they can not call for war against the Federation until the Blockade is confirmed to be unlawful.
Her ship is attacked on route and she has to land on Tatooine.
They meet up with Anakin, gain the parts they need, Anakin joins the Jedi hoping to liberate Tatooine at a later date (giving Anakin a noble intention for leaving his mother behind rather than just seeing the stars).
They break through the blockade and create a hasty alliance with the Gungans. The Gungan's attack the bulk of the droid army, The Jedi attempt to shut down the shields for Trade Federation command ship and encounter battle droids (which should rarely if ever speak and certainly should not be the comic relief goons as seen in the theatrical version...incidently they do sound good in German) and finally the Sith Lord they first encountered on Tatooine, the Naboo fighters clear the path for the Jedi and take on the full Federation fleet (not just one ship making it an more hopless fight) and the Queen and her troops storm the palace.
I'd keep the Gungans but dub them so that Jar-Jar is now the Gungan ambassador and represents his people just as much as Amidala. He is a bit out of water but not the buffoon we see in the original cut.
I'm going to play with the idea that instead of there being a single droid control ship the whole blockade is there (the Naboo have more fighters, squadrons added by changing the colours of the fighters to blue, red etc:

but they are still greatly outnumbered because they have no capital ships or droid fighters)
I actually like the idea of R2 being blue because he's one of blue group's astrodroids (Naboo seems to be obsessed with aesthetics).

Qui-Gon and Obi Wan have to get onto the fleet command ship to stop signal jamming so they can get a distress signal to the Republic to send for help (and they fight Maul there, also moving the droid battles on the ship from the beginning of the film to the end).
That way the sabre battle is more associated with space battle and the Gungan battle is more associated with the throne room.
Anakin doesn't destroy the command ship he just destroys a ship single handed and deliberatly (not by accident).
Once Nute Gunray is captured he orders the ships away (to save his skin) and the Droids power down on his command not because one ship is destroyed (which seemed a stupid way to run a war in the first place).
It would have the added novelty of not being done before.
There have already been many edits of TPM which just nibble at the edges, I think the big problem with TPM is it darts all over the place.
Since posting the above I thought it might be better if the film starts with the blockade arriving but Gunray only lands his troops when Sidious/Palpatine knows the Queen is on her way. Gunray himself only lands when he thinks the ground battle is over which is Amidala's cue to storm the Palace. That way you get a sense of escalation on the Naboo crisis.
First the blockade, then the bombardment, then the landing and the ground battle.
Having Nute land near the end and proclaim victory would be a down note from which the up beat ending can spring.
Dooku would be seen on the council and hang around and watch Qui-Gon's funeral from a distance.