From The Register:
Star Wars set for 3D rehash ? The Register
Apparently the Phantom Menace is undergoing a 3D conversion, due to be released sometime in 2012.
Arguably the worst Star Wars movie of all time, and my fellow nerds will back me up on that, it's due to be first because it's "first" in the series. I wonder if this 3D conversion will add some depth to the rather flat and wooden acting of the actor playing mAnikan Skywalker.
Also apparent from that news story is that George Lucas is waiting to see how successful the re-release is before re-releasing the re-releases of the rest of the movies, especially the original trilogy. Who wants to bet it'll be the "Special Edition" and not the original theatrical release when Episodes 4-6 hit the big screen yet one more time?
(P.S. I'm a huge Star Wars fan. That's why the prequels bugged me so much.)
And I'll start the war with this. Han shot first!