I think any TNG-R project, at this point in time, would have to be released on both DVD and Blu-ray in order to be profitable. While you certainly could not get high definition quality out of a DVD, I'm sure there are plenty of people who would pay for the general clean-up of the episodes and the enhanced effects. I doubt a Blu-ray release alone would bring enough sales to justify the effort. Personally, I'd really like to see them both test the waters, and also launch the whole thing, by taking a couple of TNG's most favored episodes -- Best of Both Worlds to start -- and giving them a full high definition remastering and new effects and then releasing them theatrically. The producers have always admitted that some of TNG's two-parters made better movies than the TNG movies did, and wished they could have been more ambitious with the effects. Well, here's their chance.