I still can't quite fathom how anyone can honestly say the 2004 editions "look better." It reminds me of a bad colorization job done on a black and white film!
I bet the folks who claim to prefer the 2004 editions haven't seen the originals in awhile to compare...
LucasFilm/Fox really should have refunded the people who bought the first edition and I'm shocked that they haven't fixed the colors/contrast and sound glitches in all this time (can you believe it's been 3 years since the 2004 "box set" came out?!).