Watching it now, overall I'm very impressed. Quite an increase in clarity and depth over what I remember from v1.0. Colors overall have my approval, pretty natural feeling (maybe a touch purpleish around 21:22 through 22:00ish (could be wrong, but that was something I thought the first time through... perhaps I'm just jaded against Star Wars explosions). The Imperial fleet looks pretty darn good with your color timing, even if you had to use SE recomps, at least it feels like Star Wars in the context of your version, and looks pretty snazzy. I'd say definitely go with this over GOUT upscales until Negative1 sources are available.
I know this doesn't affect the purpose of the workprint in any way, but has anyone else had an issue with the aac 5.1 track decoding such that the center channel is in the Left Surround speaker? It could just be how this one system is handling non-passthrough audio, but it is still very, very odd.
Also, in viewing it this time (and now that I think about it, with a Firefly/Serenity comicbook expansion story coming to mind), could Admiral Oswald, rather than being clumsy or stupid, instead be a highly placed Rebel plant or a Rebel sympathizer, and that is why he both tried to overlook their actual location and arrived close enough for the fleet to be detected? Instead of being a moron, he may actually have been a Rebel hero, murdered by Darth Vader, who probably figured out all of this and killed him without letting anyone else know why (so as to keep up moral, as best one can while still seeming to kill off officers at will....). Just a thought.