Ash, it does look a little over saturated. Maybe I need to tone it down a little.
Maybe not just a bit oversaturated, but also it seems like there is a lot more detail lost between those two versions. Like the lines on 3P0's leg or the reflections in the blue parts on R2's dome. I don't know how much smoothing or noise reduction is necessary to eliminate artifacts introduced during capture, but personally, I'd rather keep as much of the original laserdisc picture detail as possible, even if that means some more noise.