While I think that having a gun battle in the middle of an amusement park while you're flying around on hang gliders looks dumb, I know that Russell and Carpenter probably thought it was a hoot and that changes a how a movie should be perceived. If something's insane and it's completely intentional, that's a different tone. The original film was creative in its use of effects, but always with the final intent of making it look as real as possible. And trust me, they looked ten times as bad on a huge movie screen, so home video is a saving grace of sorts for a film like this. While the picture does indeed look good, the added resolution that a new anamorphic transfer would have provided is missed here.
Colors are bold without coming on too strong and smearing.
The black level is dead on while shadow detail is strong and well handled without grain or loss of depth. There are a few moments where you'll find the occasional artifact, but nothing that ever distracts. A really good effort, but a missed opportunity. The English Dolby Digital 5.1 track springs to life from the moment the film starts. The dynamic range in all channels is to be appreciated.