g-force has been kind and made an awesome DeRainbowing script for this one, which is great because I can sort of live with the aliasing and dotcrawl but the chroma noise is what really hurt my eyes, obviously it also helps with the compression if you don't have shimmering noise all over the place. His DeRainbowing is hands down the best I've tested, only a slight desaturation on very fast moving objects such as laser bolts and blinking lights etc, so I will avoid using it on select scenes.

Here's how it looks in action: http://www.sendspace.com/file/l1u9o7