I have bought a scanner, the best in it’s price class apparently, which should yield 48bit scans with an effective resolution of 4300 dpi (if the reviews are to be believed):

http://www.filmscanner.info/en/ReflectaRPS10M.html
I also bought the Silverfast software package, which allows you to calibrate the colors using a it8 color target. An uncalibrated scan generally gives a fairly poor reproduction of the colors of a film frame or photo:
http://www.silverfast.com/highlights/autoit8/en.html
This weekend the scanning process will begin. When I have the first scans, I will create a separate thread dedicated to technicolor print reference scans matched to print, where I will share 1080p 8 bit versions of the calibrated scans for color reference purposes, and to discuss and compare with other OT versions.
A big thanks to all who contributed!
As a special thank you, everyone who donated will also get access to the raw scans, and the high color depth, high resolution calibrated versions of the scans.