SVHS said:
Then the question is... what is the Legacy Edition to Lucasfilm and Disney?
Put aside questions of it being released for now.
Is Legacy a proof of concept for just how good you bring the theatrical editions up to standard. Keeping in mind this is by definition a fan restoration which makes it all the more wild.
Is it, for lack of a better phrase, an audition tape so that Mike can get the commission for the trilogy and at that point utilise their best elements and scans. Maybe even work with a small team (under careful supervision of course).
Is it, when completed, able to be utilised as is for HD and 4K blu-rays which there is no doubt as Mike is working with a 16-bit 4K scan (I think). This would mean Star Wars would be presented and derived from an unofficial scan but there's no worries quality-wise judging from the samples posted up so far.
All in all, this edition has gotta appear and it'd be really nice and a real testament to the love and work put in by fans if they were able to step forward and say here's the theatrical editions that we grew up with and it was made possible by both Lucasfilm and the fans.
Honestly, if it's either of the last two, it would make one hell of a story if these happened.