zombie84 said:

In my opinion, it looks like the reality is in between. The film has definitely been brightened to have more midrange, probably just due to the overall yellow-shift bringing detail out in the shadows that was previously less visible because of the former blue-shift, as blue eats up detail and yellow reveals it. Many examples in the pics look much more natural on the blu-ray, like some of classroom scenes. Many of the Cairo scenes are yellower and look nice, while the older version is a bit blue-shifted and may have just been a choice on the part of the colorist or even Spielberg, as the difference is subtle without the side-by-side comparison, it would be hard to notice if you were just watching the film. However, it seems clear to me that the DVD also has instances that are likely to be truer to how the film originally looked.

Agreed. There are parts of the new transfer that look stunning, and parts that seem different. I always thought the DVD wasn't entirely correct but since we can't go back to 1981 or see the OCN this is pure guesswork. The thing to remember about Raiders is that they really did shoot it fast and dirty. Douglas Slocombe didn't even use a light meter for the entire shoot. (!)