bkev said:

I'm going to play devil's advocate here and say that Lucas was against colorization .....Making that speech is 100% consistent with Lucas' insistence that movie studios are completely awful. It's not as hypocritical as one might think,

You might want to research that a little more;

http://savestarwars.com/lucasspeechagainstspecialedition.html

Lucas said:

more advanced technology will be able to replace actors with "fresher faces," or alter dialogue and change the movement of the actor's lips to match. It will soon be possible to create a new "original" negative with whatever changes or alterations the copyright holder of the moment desires......This would be a great loss to our society. Our cultural history must not be allowed to be rewritten