Only took a quick look at it, but looked quite impressive. Much better than the previous Reel 1 preview (which was probably largely an encoding issue). Nice of you to include the uncompressed sample this time, too.

Cleanup and stabilization were impressive. Color is in great shape as a starting point. Though it's unclear how much you'll get out of it, it certainly beats a purely red/pink film. Contrast and brightness look much better than some previous examples, though some shots (Cantina, mostly) will need work of course.

Is this how the grain will look in the final release?

Again, very nice work. I've been curious about this reel for a while, due to the density of what would become Specialized shots in it.