You beat me to it...
For the past few days I have been remastering this same promo film.
First, I split the audio from the video.
I then color corrected the film
(no more red overcast).
I also removed a bit of the graininess and increased the color depth.
Next, I cleaned up the audio: Removed the background hissing, removed blank spaces in the audio track, and corrected some of the "classroom projector" warble in the sound.
I then converted the audio to mp3 and re-attached it to the video.
(I also did some stuff w/ the frame rate and encoding process.. but nothing you can see or hear)
Finally, I converted the whole thing into an AVI file.
* I'm wondering if it is cool to share it here ?
** I'm also wondering how a youtube uploader can claim copyright of a
Dodge corporation promotional film.
A few "Before & After" shots of what I have been doing...