Picture is extremely smooth and film-like with absolutely no edge enhancement or filtering artifacts. The film was shot with soft focus, but thanks to the perfect transfer the amount of detail in the picture is amazing. There's a scene on the campus early in the film where you can literally count the bricks of the out of focus building in the background. The pastel color palette is flawlessly reproduced. Black level is a little bit too high, but turning projector brightness down one click fixed that without affecting grayscale too much. Black level during the scene in the movie theater is much too high. Don't know what went wrong there, but i can't imagine it's a transfer error. As for the audio, it's just as perfect as the picture. I only listened to the dolby digital track, and it's very impressive. There's a scene in a cafeteria where the surround effects are so realistic that when you close your eyes you really are there. A band playing on campus again sounds like you are there, more convincing than most live concert DVD's in fact. Dialogue is always crystal clear and like the picture it has an effortlessly dynamic quality.