Remastering movies to high definition quality?


With all the change to high definition audio and video will old movies (such as music video or collector sets such as James Bond 007)be able to be remastered to the true highest standard of high definition in both audio and video?
fathertime
sony is doomed to failure. historically, its 'their thing'. once the average consumer figures this out, hddvd will have an open field. censorship and new media don't mix.
Thanks for your input everyone! Looks like some purchases will still be on hold for me.
Cytocycle: The Netflix news was great as I was not aware of their HD movie selection. Does this mean that Netflix is only backing HD-DVD?
Jaybo: Very informative information. What percent chance would you then give to HDDVD in comparison to BlueRay?
Netflix and Blockbuster (online) have both BlueRay and HD-DVD but blueray disk's have like 1/10th the resistence to scratches so the rental market on those should be filled with great fun.

If you have a big display (projector) I think it's a must spend $500 but if you have a 50" or less tv and you are sitting more than 8' away it's not as important..

2 of my friends have also made the plunge and are amazed and have no regrets as to the cost associated of the player based on the huge benifits.