[…] Remastering is what Lucas did with all the recomped effects shots that really don’t look much different, but subtle flaws are removed, such as the slightly transparent snow speeder cockpits. Mike is doing much the same thing […]
As far as I understand from his videos, he didn’t touch the original special effects. His motto was “cleaning dirt and scratches, keeping what was on the negative”. He did fix color channel misalignments, though.
Anyway, I wonder if the fact we didn’t get any new update could be a good sign: he might’ve signed a deal with Disney/LF/Fox on Legacy, so right now he can’t further comment on his project with us.