I would say that the review linked to is quite accurate, IMO. The PQ is far better than VHS; I hope that's not too low a standard to reference, but it's all I have for this movie. I would emphasize that the print is certainly not pristine, there are noticeable small imperfections from wear, but the transfer is decent (a tad soft as the review states, though not inappropriately so) and the artifacts are negligible.
The sound is clear, and I question if it's really just "stereo", as my decoder thinks it is some type of Dolby...I didn't play with it much to figure it out, it sounded fine in stereo.
I found it all more than a satisfactory presentation and a great improvement, probably as good as we'll get for many years.
Edit: Hmmm, I see the first post here says Dolby stereo, but the package doesn't...I guess it is.