"Blown out" was a poor choice of words - I do in fact mean, by all respects, the contrast in this film is almost non-existent. So some people are saying that this is because it emulates the look of a film print. Be that as it may, I have trouble believing the film would have ever looked this dull and lifeless in the cinema. Since it has been 20 years since this film was at the cinema, unless someone has an actual print copy of the film they'd like to demonstrate, I doubt we're going to get an answer beyond hearsay and "what people remember".
To me, the remaster looks too dull. Yes, it is (slightly) more detailed, the grain is natural, there is a lack of edge enhancement and DNR. These are positives. But the original Blu-ray isn't a Patton-esque or BTTF or Star Wars travesty. To me, the colour of the original is just more natural and pleasing.