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Just in case this gets lost in the either (as it eventually will), here's the link to Simon's blog entry which I'm referring to. Read that first. This first blog of my own is a ranting response to his excellent piece.
The special edition of ET didn’t work for me really. The opening, where we see ET run towards the space craft was the only bit where the CGI worked for me, whereas before the scene looked very dated and seemed as if they got a muppet and plonked the thing onto a dolly