Darksideoflite.
I too saw the Episode one conversion and yes had mixed feelings. I thought they could have gone further and was waiting for the "wow 3d" moment which for me never really happened. But I must admit I left the movie waiting to see the rest. I did several conversions of certain scenes from Star Wars just using different generic 3d conversion programs, which sometimes looked good but mostly failed.
If you can pull this off I'll be mightily impressed and I will wait with baited breath to watch.