skyjedi2005 said:

The bad 2004 colors of the SE 2004 OT completely unfixed, blacks still crushed and now phantom menace with even worse colors than the original DVD, pinks might be gone but now the colors are bumped up and overly bright and super saturated nothing like the 35mm release in 1999.

Actually the clips i saw of the new TPM transfer at the Star Wars concert looked very close to how it originally looked in the cinemas and not overly bright or oversaturated and they are the same in the trailer (click to view larger):

The worse thing about all this is that they seem to have taken a lot of care with the TPM transfer, yet seem to not care less about the way the OT looks at all. It's depressing to think that TPM will be the best looking transfer out of all the films and the only film transfer that is close to its original look.