Cannot wait for this release. I was watching LOTR:Fellowship last weekend and, despite it being Superbit bit-rate quality, could benefit from the upgrade.
Superbit? I don't think so... unless I'm missing something here.
High quality DVD transfer, Yes, but not Superbit (this is a New Line studio here, not Columbia).
* My favorite is "The Return of the King", then "The two Towers", and "The Fellowship of the Ring".
I agree the theatrical version would be best for me. I have the extended version and it takes me a week (or more) to watch the whole series!
I got both versions of the three films on DVD, and the Extended Edition is the way to go for the three films.
They are more fleshed and complete, closer to the books.
* Also, I'm still young, so it takes me only three days to go through.