I didn't realize I was going to get so much heat for my "looks like shit" comment. I was referring to how it looks in its current state.
I don't think it looks like shit. I think it's the best source we have at the moment for a true theatrical restoration, better than the GOUT, any laserdisc transfer, or any hybrid SE/GOUT/LD project. I do think people should be aware that the cleanup work on this is going to have to be extensive and time-consuming, so they shouldn't get their hopes up that this is going to be released soon.
"Looks like shit" = if it were released on DVD/Blu-Ray in its current state, with no cleanup, it would be unnaceptable.
I also think 3 or 4 months is quite optimistic.