Hober Mallow wrote:

Giving TNG the TOS-R treatment would be almost like taking the series back into production and re-editing every scene of episode with new special FX. This could be extremely expensive and impractical.
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Not necessarily a bad thing (for us if they ever do it). A second editing could feasibly improve the episodes.
They'll do it eventually if (when) Star Trek takes off again. There's no real rush, IMO.