This is cool! Why? Well, I'll tell you why -
I didn't see OT in theatres, because I was very, very... semen at that time. And here's my chance to see it on the big screen! It's fantastic!
Yeah, they'll probably use the Special Edition with all the crap I hate, but it's not that big of a deal for me. I will use my imagination and remove the special additions in my mind. XD
And it sucks that they are releasing PT first, but the good thing is that - PT will be an experiment.
They just said they don't know how the fudge they will do a lot of the stuff, so they will have to figure it out and experiment on TPM. And when the time comes to convert the OT - they will know WHAT to do exactly. And also they will know what the fans loved/hated about the previous convertions.
I'm not a fan of 3D, I'm not a fan of Special Editions and I'm certainly not a fan of the prequel trilogy, but I'm pretty excited for this.