Over on Trekweb there was a recent chat with the Okudas with a few questions about TNG on bluray. One good thing they said in the interview is that they recently asked paramount if the negatives are still in storage and they said they are still safe. Here is the quote:
Bill Justin also asks: "Do the 35mm film negatives from Star Trek: The Next Generation still exist (from both principle photography and visual effects) and if so what is the likelihood that CBS would greenlight a remastering project for that show -- provided that the new film is a huge success for Paramount and your Star Trek: Remastered Blu-rays also sell well? (P.S. I am a proud owner of Season One on Blu-ray!)" That was also expressed a few years back from Bill Hunt on The Digital Bits who believes the effects from TNG are in need of an upgrade.
mikeanddeniseokuda As far as we know, virtually all of the original camera negative from ST:TNG is still in storage. (We asked, several years ago.) Remastering TNG would be a much bigger project than it was for the original series, but then again, there are a LOT of people who really love the adventures of Captain Picard and company. Star Trek: The Next Generation holds a special place in our hearts, and we'd love to see it in glorious HD.
Check out the chat transcript here: http://trekweb.com/articles/2009/05/...se-Okuda.shtml