We are indeed upscaling them but also color correcting them a little bit. It won't be nearly as advanced as our GOUT project though, since I originally didn't even want to do the 97 SE since I'm not interested in it, but promised DJ to do so since he wanted to.
We all have our different views on these things, personally I'll probably never watch the 97 SE again after doing this project but I can tell you it'll be the best looking version so far, next only to the theatrical prints.