That's the current plan. The hangup is getting the software to cooperate (I'm attempting to cut based on the CED screenshots right now, and it's taking F-O-R-E-V-E-R, let's see if my feeble hardware can handle it), and then if I want to port over the dubs & subs too (and you know that's a hard trap for me to avoid). And chapter stops.
EDIT: Laser/DVD screenshots still very much welcome. The CED-based cuts don't seem ideal to me (which doesn't mean they're not correct, but still)