It was okay while "Sith" was being bleeped, but then when seemingly random words got bleeped, it just got, well... ridiculous.
Personally, I think just Sam Jackson should get the bleep treatment. The scene could possibly also benefit from some good, ol' fashioned dialogue swapping for everyone (particularly for Sam Jackson, if you can work in some of his profanity from other movies... bleeped out, of course).
Probably nothing new, but I was thinking something like this:
http://www.youtube.com/watch?v=kAiLxY4Czxs&feature=related&safety_mode=true&persist_safety_mode=1&safe=active