My mistake, he did say EE, I guess I didn't catch the parenthesis there. I haven't seen the EE myself but I have heard, as you said, that they look good. Shame about the TE though, I generally prefer that cut for Fellowship. Maybe they will correct it if they do a TE+EE boxset.
I never noticed though, is the contention that the EE looks more green-biased than the TE? Because on the DVD version they looked identical in colour, to the point where they were both branched from the same common video in the 2006 release.