This may be my favorite movie of all time.  OK, it's not perfect, but what is?  It's such a fascinating story.  The transfers look great on my 51" HDTV, and the sound is fine given the film's age.  Over the years, I have bought a CLV Criterion LD, another version on LD that is a terrible transfer, the standard DVD, and now the Blu-Ray.  I have one complaint.  I don't like any of Spielberg's cuts.  I believe this would be a better movie if EVERY scene was present except the entry into the ship, which is a meaningless light show and which Spielberg was forced to do against his better judgment.  Why not offer a version with all the cuts present and allow the owner to deselect the unwanted ones?  The CAV Criterion LD offered that feature a quarter-century ago but at a $130 premium.  The nature of the cuts is such that the movie should still flow well.  Hence, four stars instead of five.