I am a big fan of this movie and that is why I gave it 3 stars as the transfer to Blu-ray stands as one of the two most disappointing Blu-rays I have ever purchased. What were they thinking? Having been shot in Super-Panavision, this should have been stunning. However, while watching it, I was simply stunned. There are many sequences where the sides of the screen fade to a sort of milky while colour, especially when there is something dark like Higgins' study, or when Eliza returns to her old haunt of Covent Garden. What happened? It is not noticeable in bright scenes like the ball, or the Ascot Race, however, even in those sections, coming from a 70mm source, the picture should have more detail. (Look at Lawrence of Arabia if you want to see what is possible.) I saw the film restoration of this that was done in the early 90's and it was spectacular. How could someone let a classic, Oscar winning picture like this get into such a state again? Is it unwatchable? No. Just be prepared....possibly to also boost your colour a little bit. The sound is quite good, but again not up to the standard I would have expected and someone went way too heavy on the bass. This is one of the few films I have to turn my subwoofer DOWN for. If you love the film this is the best there is on offer at the moment, but just be prepared to be less than wowed.