I wouldn't have anything against such tastefully upgraded version, if the original existed as well.

The problem with such a thing is that it is impossible to say what is within the boundaries of tasteful as it depends on personal opinion. Some people would consider only recomposited FX to be a tasteful update, some would consider the windows in cloud city to be a perfectly tasteful update. Some would even like to see the CGI fighters in the battle of Yavin. And there are even those who think that Rontos and Dewbacks and CGI droids are perfectly adequate and tasteful additions.

Simply put, there could be a million different enhanced editions and for each of them you'd find someone who would think it's tasteful and respectful. But there is only one true original and that is the STAR WARS that people saw in 1977 on opening day, it's that simple.