It seems most fans and purists are happy with the announcement. Personally, I'm happy with the 2004 release, and will wait for the eventual HD or BluRay release before I buy the unaltered originals. I've had the original "unaltered" movies on LD for some time also, but enjoy watching the 2004 versions much more.

As for Lucas, I wish he would have stuck to his guns and not released the originals again. I can't blame him though. It's easy money. Brilliant move to announce this only a year after the last film came out.