Well no one else has posted, so here goes. I just grabbed the 97 sample and watched it. I think it's pretty much what you'd expect it to look like, an upscaled version of one of the broadcasts (that's the TB, right..?) Visuals-wise, that's exactly what it looks like. Let's be honest here, it isn't miracle-level like what you guys have done with the GOUT, but from what I can understand you've put in 5% (10%? Less?) of the effort in on it as you have put in on cleaning up the GOUT.
As for comments, from the audio side or otherwise, unfortunately I'm pretty worthless. Being out of town I only have my laptop and its built in speakers, so I have no way to judge the (surely awesome) DTS audio. I mean, it sounded great to me, but I don't know how much that is saying. It sounded synced, but again, audio has never been my forte.
When it's all said and done, I'm very excited for this aspect of the project as well. As I've said before, I grew up with the 97 versions, and they were the first physical copies I ever owned. VHS baby. Judging by how I turned out, even though my first viewing was tainted by these versions, I still grew up to love the movies. So once again, thank you for all the hard work!
As for your first post, it sounds to me like just color-correcting and releasing is the best option at this point, but again you guys know best. Good luck with it all!