I could rent The Matrix Blu-ray and rip the main video file and then re-time it. It still has the re-timing to match Reloaded and Revolutions, correct?

No, it won't be for DVD, unless if I make a BD9. Yes for BD25 since it's cheapest. Still VC-1, no MPEG2 shit downconversion. Yes for the lossless audio and subtitles.

If you don't have a Blu-ray disc player, PS3, or even a BD-ROM or burner drive, then tough shit.

Nothing will be changed to the video concerning film grain, just retiming the color. Should be easy.