Mine just arrived today from Buy.com. I've only skipped through it a little bit. From what I've seen the transfer looks great, but maybe a tad lacking in the fine detail department. Close-ups are very impressive but distant detail in landscapes, etc. could be better. Again, just an initial impression.
Even without an advanced audio codec like Dolby TrueHD, this is a reference disc. If you want to show off for others to see what HD DVD looks like then show them this disc. Lee is such a visual director that he gives you ample opportunity to display the benefits of a HD presentation.