For those who were griping about this release in earlier reviews, it was all bit premature: this "A Nightmare on Elm Street 2 & 3" Blu-ray double feature is a decent budget Blu-ray catalog title release.
In fact, the respectable quality of this budget Blu-Ray release is evident right from the menu screen. In stark contrast to some recent double-feature Blu-ray releases, each film on this disc gets its own separate menu screen with all the usual selections one expects (e.g. scene selection, special features, audio selections, etc).
Then there's the picture quality. While neither transfer on this Blu-Ray is as impressive as the transfer for the original NOES Blu-Ray release was (which was formidably restored for its last Blu-ray release), they are both a good step up in quality from their earlier DVD counterparts. Both films are presented in 1080P, and are shown in their original theatrical aspect ratios of 1.85. Utilizing MPEG-4 AVC encoding, the bit-rate for both films (particularly "Freddy's Revenge") is admittedly a bit on the low side, with "Dream Warriors" averaging at 23 MBPS and "Freddy's Revenge" averaging at 20 MBPS; this means that those with super-duper large television screens may notice a slight bit of compression artifacting here and there. However, each film still sports a respectable transfer that should please most.
A healthy but unobtrusive amount of film grain can be seen throughout in both transfers (more so with part 3 than with part 2), giving each Freddy flick a pleasing, film-like presentation. Sharpness has been improved; digital noise and judder are absent (unlike the earlier DVD releases); edge enhancement and DNR is not an issue, as is the case with some recent horror catalog releases (e.g Lionsgate's "Scream" blu-ray releases); colors are accurate; and blacks are deep, although crush does rear its head from time to time (especially in "Dream Warriors"). In fact, the problems that do exist with both of these transfers (ranging from intermittent softness to crushing black levels) probably have as much to do with their low-budget production values as it does with the actual transfers of the films themselves; unless these films get some kind of restoration done, I doubt that a higher bit rate will make too much of a difference.
If I had to pick which film looks better, I'd have to say that (surprisingly) "NOES 2:"Freddy's Revenge" comes out on top. Even though the average bit-rate is higher on Dream Warriors" than it is on "Freddy's Revenge", "Freddy's Revenge" has an overall cleaner and consistent look, with far less black crush than "Dream Warriors". Could these films have been spruced up more for their Blu-ray debut? Absolutely...but in all, this is definitely the best that these films have ever looked on home video, and that should count for something.
The audio presentation also trumps its DVD counterparts, with two strong DTS-HD 5.1 soundtracks. While surround is rather flat for both films, the audio is clear, effective, and true to its low-budget audio origins.
The extras are solid, if a bit too brief. Each film gets several featurettes ("Freddy's Revenge" gets around 15 minutes total, while "Dream Warriors" gets roughly 30 minutes total), each broken up into 1-to-10 minute segments. All of the docs are stretched from 4.3 standard to 1.66 and presented in 480p. While none of these docs seem to have been recently made (I'd wager they were made in the 90's), they were not present on the individual DVD releases. Either they were made for the 1999 DVD box set's bonus disc (which I have never seen), or they were made for earlier Laserdisc releases (of which I have also never seen). Either way, they are worth a peek for those interested.
To sum up, at the current sale price of $13.99, the "A Nightmare on Elm Street 2 & 3" Blu-ray double feature is a good bargain for both hardcore and casual fans. I understand there are collectors out there who demand the box set or nothing for a film series (I am often one of them), but if Blu-ray double-features are presented and priced as respectably as this release, I have no problem with them; in fact, at the current $14.00 price point, I appreciate them. For those who have felt burned by poor double-feature Blu-rays in the past (e.g Echo Bridge's terrible double-feature Blu-ray releases of the "Halloween" and "From Dusk Till' Dawn" franchises), no worries; this is worth snapping up.