Mine arrived today and I sampled it. Looks great. But I think the PCM laserdisc sound bleeds more into the surrounds and therefore has more envelopment. No doubt there is zero distortion in the DTS track, even at crazy high volume (same as the LD's PCM).
The iTunes transfer massacred the blurry DVD and this is even better. Less DNR too (iTunes transfers are frequently DNR'd to reduce compression artifacts).