So, I borrowed The Phantom Menace on BD from a friend and am watching it right now (with this commentary mind you). And wow, is the transfer fucking ugly! I went and compared it side by side with the old HDTV capture and they are simply both awful, each in it's own unique way - the old transfer is heavily cropped, very soft and worst of all it has tons of really ugly ever present edge enhancement. The Blu-Ray on the other hand fixes all that but adds really really bad DVNR. The Phantom Menace is full of bad CG characters but in this transfer, even the real actors look like they're CG, seriously. With this transfer, the movie looks like it was a Pixar film from late 90s! Both transfers are so bad that if I was to pick which one to watch, I'd probably choose to not watch this piece of shit movie at all. I think I'll pass on the 3D after all...