I own and actually have seen this brand-new blu-ray transfer. It is amazing. It may not look quite like a shiny new produced-in-2012 release, but it sure doesn't look like a movie from 1975 either. The detail, colour, sharpness and contrast are far superior to the previous DVD releases. As for the suggestion that the restoration isn't recent and this is the same transfer because the 2005 release also didn't show the colour fading and tears shown in the original camera negative shots shown in the restoration feature - that's false. Very false. This 2012 version is the first time they went back to the original camera negatives to do the transfer. Previous versions were struck from a new master print pieced together using the best available 35mm prints Spielberg and company could find after discovering the original master print rotting away in the cans in Universal's storage facility (google Film Preservation Wikipedia for more details). The time and considerable expense of restoring the original camera negs was done as part of Universal's 100th anniversary campaign. Rest assured, this IS a new transfer and it is the best that Jaws has ever looked and sounded. (Believe Steven Spielberg if you don't believe me.) And lastly, the 1080p blu-ray image blows the upconverted 480p DVD image out of the water (and the 7.1 DTS Master HD soundtrack ain't bad either).