Erikstormtrooper said:

"The standard definition restoration of Star Wars was indeed completed, long ago. I just never got around to updating the site." Thanks! So you have possibly the holy grail of Star Wars preservations, but it slipped your mind to mention it?

As far as I'm aware, the restoration he's talking about just fixes all of the more glaring (fixable) errors in the 2004 SE (color timing, visible mattes, blaster/saber colors, etc). It would be useful for other projects (or to people who actually like the SE), but I wouldn't exactly call it a "holy grail".

Feel free to correct me if I'm wrong, though. But if I'm not, I'm pretty sure he said he never intended to actually release the project, that he would only give resources for others to do it themselves.