Fang Zei said:

Here's my best guess at what's going on:

This rumored digital release in November will probably be the 2011 versions of the movies and nothing more. The big deal about it that LFL/Disney will probably make in the advertising is that this is the first time these movies have been made available to buy/rent as a digital download (which, to my knowledge, would be true). Maybe they'll throw in some itunes extras as an added bonus. We already heard Roger Christian say that his movie (forgot the name of it) might be included in said digital extras.

Meanwhile, we know pretty much for a fact that Reliance MediaWorks has done a 4k remaster of the OT. The comparison of the Obi-Wan/Vader duel with other transfers of the movie seems to indicate these are not the unaltered sabers. Since the sabers were still unaltered in the '97 version, this would suggest that at least some of the '04/'11 changes are in fact being redone. My best guess is that this was to be (and might still be) for the 3D conversion and theatrical re-release of the revised OT, an "SE 2.0" if you will.

I'm not sure how likely this would be, but would they possibly simultaneously restore both the OUT and the current SE? Would they be able to scan the negative as well as the old scenes and recreate the OUT for a blue ray release and then go back and add in some SE changes (like 04 Jabba and lightsabers) and release that in theatres. Would that be something they'd do or is that completely unlikely?