I thought that was actually a very well spoken and informative panel. I agree with pretty much everything everyone said, though I do agree with those here that Lucas should not have used judgemental terms with regards to sound/colour being "better" (in his defense, I don't think he meant it in those terms but merely that it was truer to life or more immersive which is the main argument he seemed to be making, as he is a longstanding fan of both black and white and silent cinema, especially the latter which he has compared his own films to).
I also believe him when he says that the 3D re-release is a way to give a generation a chance to experience the films on the screen for the first time while giving everyone a chance to experience the films in a way that no one has before. But then I am looking forward to the 3D release.