It didn't win any Oscars, nor did it deserve any. If you're a fan of Costner or bicycling, you owe it to yourself to check this movie out. The film shows it's age a bit, but for the most part looks really clean and sharp. Audio A Dolby Surround mix is used, and it also serves it's purpose. I'm sure they could have remastered this in 5.1 sound, but some movies just don't need it.
Dialogue is clear, a bit muted at times, but it sounds pretty good.
That really stood out at being pretty neat. Not even a trailer. Like I said before, if you're a die hard Costner fan or just love this movie, pick it up. If you're into supplemental material, maybe you should try another disc. It's worth a rent at least.