I just started watching this on blu ray and it looks and sounds very good. The picture is really sharp and the DTS-HD Master track sounds equally as good. At first I was expecting poor quality because the title menu is over sharpened and grainy, but I'm very satisfied with the film. So far it's exactly what I was hoping for. The packaging failed to list two bonus items contained in the case. There is a 10% off coupon for PF Flyers and a small deck of cards that has, I assume, all nine of the kids on each card.
The bottom line is the quality of the master is pretty good and for such a classic movie and a great musical score, it's definitely worth considering. I was more than happy when I found my local Wal-Mart had it for $9.96 - almost a steal!