It's funny how he mentions Peter Jackson here: So when people like Peter Jackson (Fellowship), or in this case Mr. Scott, are given the chance to dial in the picture exactly how they’ve always wanted it (and didn’t have the tools to do previously), they usually take it.

FOTR was a DI and the color grading process was completely digital even on the theatrical release, so there's no excuse for changing the colors apart from "I've changed my mind and decided to make the film look like a steaming pile of..." I'm sorry - FOTR is my favorite LOTR film and it seriously pisses me off that there isn't any way to buy it looking good - the theatrical version on BD is a crappy old master with DNR added on top and the extended version is a beautiful new master but with totally fucked up colors. The ideal release would be if they went back to the original DI and simply encoded that to fit on a BD with no other changes and did both versions through seamless branching.