To each their own. I'd stil like to see apropriate scenes cleaned up real good and inserted instead of the cgi footage though. (I'm not so much a "purist" as I'm someone who really really hates not having good high def footage of the movies with no cgi )

And yes this should look great once it comes out.

On a side note: I once saw this documentary on scanning film. I think they projected from within an emulsion. The emulsion had aprox. the same "thickness" as the emulsion on the film. This mean that alot of the emulsion scratches were physicly filtered. Is this something worth looking into?

edit: It was dry cleaning fluid: http://www.youtube.com/watch?v=FiCB6BWbd2k