OK, here's a few seconds of test footage from reel 2. Looks like it still needs some more clean-up work, but other than that it looks pretty promising. This is with no stabilization, clean-up, dust removal, etc. - just Filmguard applied to the print.
https://www.dropbox.com/s/b83tamm5n7eepol/sots-fg.avi
(By the way, I've been told that it is better if you download, rather than stream it. It requires the Lagarith codec, available here: http://lags.leetcode.net/codec.html)