I have an Oppo BDP-93. If someone tosses these pristine LD transfers onto BD's they'll look pretty damn good after my Oppo is done with them. With better-than-decent upscaling a sub-480 res can look surprisingly good. Looking good is relative, and when the alternative looks like shit on a stick by comparison it would look good.
The reason it has to be BD is because of space. Even after compression it wouldn't fit properly on a dual layer DVD. You can compress this with AVC and put each film onto its own BD - 25 gigs each should be plenty. Audio could use a lossless codec on BD, too.
What would be the point in not releasing it after going through all that shit with the X0 player to actually get the transfers?
Do you have some magical better option? A pristine 35mm print you're going to scan?
If this transfer is put onto a BD it would be the definitive version of the GOUT. Better than the shitty version included as an extra on those DVD's a few years back, especially considering that they were stored as 4:3 letterboxed so they're windowboxed when watching on an HDTV (which is kinda like watching the friggin' thing through a porthole.) It would be better than anything else out there.
To spend years getting the transfers and to stop at the final step, the easiest step, makes no sense at all... it wouldn't be hard to get these onto BD's.
Do you know of a version of the GOUT that's better than the X0's? I'd like to know.