It seems Topher 'Venom' Grace has come up with quite a radical take on the prequels then. From nearly 7 hours worth of footage down to 85 minutes is certainly a bold cut of the material, and it's too bad we're unlikely to see exactly what he came up with for his 'private screening'.

Anyway, in addition to the Slashfilm link in the 1st post, here's a couple of others with some additional snippets of the cuts he came up with -

Collider.com - http://collider.com/topher-grace-star-wars-prequels/150596/

Firstshowing.net - http://www.firstshowing.net/2012/video-blog-topher-graces-85-minute-cut-of-the-star-wars-prequels/

...although I'm not sure why he'd want to fiddle about with the already great 'Close Encounters Of The Third Kind' next though, considering the likes of 'Spider-man 3' is crying out for attention! ;)