True enough. I thought Jaws was downright awesome. E.T. was stunning. I don't know if the 7.1 mix is accurate to the original Dolby 6 track mix, as I was too young, but it sounded wonderful. I had the original version on DVD way back when, and always remember the 5.1 track on that being terrific as well.
As for Jaws, I disliked the re-mix so I stuck with mono, which was excellent.