Hmm. This does seem to have the potential to be a good idea. After all, some forum members, including me, seem to find the '97 versions less offensive. However, right now people seem to be concentrating on GOUT enhancements or Theatrical reconstructions in HD.
However, if you choose to do such an undertaking yourself, Harmy has reconstructed the 1997 Jabba Scene in HD here and TK-949 has reinserted Sebastian Shaw in HD here.