It's definitely more bearable theatrically. I saw a 35mm screening a few years back that was this way, though 70mm will have the full DTS 70mm 5.0 which is reputed to be mindblowing for the usage of the score's master tapes.
Yeah, I've got to get the old LD just to see the old color but keep in mind these would all likely be based off the 1983 reissue prints which were all deteriorated and themselves not correct.
I also hate watching Rear Window on DVD because its so incredibly grainy and this manifests as video noise. The MC and Legacy discs are RH approved as represent their work well, but sometimes I think the smoother and more colored first DVD might be preferable.
I really hope the new Blu-rays can pull these two titles out of the muck and actually present them well on home video, but it's all going to be from the already stuck masters so they'll probably just look more detailed.