Thanks Andrea, I knew I could count on you to provide feedback! :)
I agree with you about the 'classic' settings based on those screen comparisons, they just feel more 'right' to me, don't know how else to explain it. I have to check out both on my TV, see how they both look there, see if that'll help me make up my mind up 100%.
EDIT: Hmm, I think i'll just call it 'normal' rather than 'classic', i'll leave 'classic' for the Star Wars Semi-Specialised Editions. Any other suggestion for what I could call this more muted Fellowship of the Ring version?