Well I've finished my own hybrid of KCCI/WMAR, and I'm REALLY happy with the way I got everything edited together and sounding. The sources I used for both the special and the commercials were from previous dvds of each, and because I was able to do all editing without any re-encoding both of their qualities haven't been altered at all. I worked on all the edit spots to make everything flow as smooth as possible, and also I tried to let the Special breath a little more so that the commercials don't get in the way like they sometimes did during the broadcast.
Using denoising software I was able to eliminate quite a bit of the inherent tape hiss from the soundtracks making everything clearer than before. And with Protools I tried to smooth out as many audio problems as I could and generally make things flow together as one. It is still VHS though in the end. I've found that with all this it can be cranked up quite a bit louder than before, whether thats a good thing or not I don't know...
Except for a small drop in quality with the commercials I think that it makes for a really clean version of the broadcast made up of all the best elements availible.
Here's the catch though. After all this work I've hit a wall with my system, and I can't get the thing to author as a dvd with more than one audio track. I worked on and synced 4 tracks, the cleaned up original, the rifftrax, the MMM commentary, and the IHNRADIO commentary, but with my mac I just can't do this on a dvd. All I was able to do for now is put everything through tsmuxer and make a single TS file and its working great off my PS3 drive.
I had planned all along to share this, but I'm not sure if its worth it now in just TS form. Anyone with better resources maybe want to take it from here and make a proper dvd of it? Even better I really think that with the right picture enhancing, which I also can't do, this could be the best version yet. Even with its slight brightness/contrast problems to me KCCI is the most clean, consistent and stable of all the versions. Its the closest to a master I think we got and it just seems to have the feel that video from 1978 should have.
Let me know what you all think?