Cool beans. It looks like you might have convinced me - 1080p it is (provided my computer doesn't go into ultra-slow mode).

In other news, I have been talking with poita, and it seems that reel 2 may have been taken straight from the negative. He said that it was really good color and quality, so at least reel 2 will look awesome! :) He hasn't gotten to reel 3 yet (he's still inspecting, so it may be a while) but we are still on track for screenshots/test capture grabs sometime next week...