If it ever happens
A 1080p/24 transfer of the OUT will look better than what anyone saw in the theatres in 1977,78,79,81,82.
Due to these losses, and further losses throughout the film processing and duplication operation, the final projection print has a resolution more closely represented by 1K pixels. This obviously depends
on the number of intermediate stages undergone and the quality of the processes used, but represents a true situation for the average release print film.
To bring a little bit of true life into this, while grading Pinocchio for digital projection [working at 1280x1024 resolution as time was so short we had to cut corners!] the director & main actor, Roberto Benigni, was surprised to find his 'frown lines' visible in the digital projected final when they were not in the film print. As a result we had to 'soften' the focus [blur it!] on the digital final [and I wont tell you how we did this but is wasn't via digital technology – ok, I will tell you; we smeared light engineering oil
on the projection room glass; I kid you not!].
http://www.lightillusion.com/zippdf/di-guide.pdf