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We might all wish that they'd do the cleanup again, but I doubt they'd break even. They were able to pay for the last time with the theatrical release and then VHS and DVD sales. Remember, if it is too much of a risk, the higher-ups aren't going to go along with it. Releasing the 1993 editions is quick, easy, and doesn't cost nearly as much. As much as we hate it, I think it is the wise business choice. No matter how much money they might have stockpiled, they aren't in the business of losing money. They aren't a charity.
Besides, the laserdisc copies I have (faces) are excellent. And I guess they aren't even the best LD's (Definitives are sometimes better?) So, I'm happy to get the 1993 editions in a timeless digital format than nothing at all. And, it will be a much better transfer than any before possible.. even better than my crazy plans of reading directly off the laserdisc and decoding the signal digitally. We get a digital picture and digital sound. Isn't this what we wanted, even just a month ago? Yes! As an extra bonus, we get the 2004 editions. As much as we personally hate them, a lot of people like the 2004 editions better (really!), so why wouldn't Lucas want to release them on DVD? If you bought them before, then that is your own fault, not Lucas's. Sorry to be harsh, but it's true.
People change, Lucas changes (he had that divorce, has kids growing up, is just growing older). And Lucas is a great film pioneer. He has always been at the bleeding edge of film technology. So, if anyone was going to go back and tinker, why not him? I think he has more than earned that right. If he didn't like to experiment and try new things, we wouldn't even have these films we love today. So you have to take the good with the bad. We are stuck in the past and are resisting change. It's not a bad thing, but we have to put up with the consequences of that choice. That they are even throwing us this bone is wonderful, and sending nasty letters is not going to help things.
Oh, as far as predictions go, here is mine: There will of course be a Blu-ray/HD-DVD release if these formats take off, but it will be the special editions. After that horrible cleanup, they'd have to be idiots not to have stored it digitally in a high resolution. They might make a few more fixes.. but only to the special editions, because that's what they'd have. We won't be seeing them go back to the original films again.