It has always been possible for them to kill three birds with one stone. By that I mean a new scan of the o-neg that would yield the following:
-The '97 SE in its entirety
-The basis for a "final cut" equivalent, and
-The basis for an OOT restoration, assuming the altered pieces of negative were in fact put into storage and can still be scanned in.
I suspect we're only actually getting the middle one (a "final cut" and basis for a 3D conversion). It's interesting how that guy's resumé mentions this project in the same breath as Titanic, since that was also the basis for a 3D version.