Exactly the way I think. But actually I think the most "annoying" thing about the raw GOUT is the image shake, and g-force's script does a good job on stabilizing that. Maybe there is a way to tweak the script so it keeps the grain and detail but reduces the shake? Gotta ask g-force.
Anyway, here's the same clip but without g-force's additional script: http://www.multiupload.com/OEW1F4QTZZ