An interesting question folks. As you say, wet film stock could, theoretically, be upgraded to an HD format, though having seen the doco produced about restoring The Beatles '60s film 'Help!', it can be hard work for even top-end restorers with top-end source material and top of the range computing power.
Having just spent two days and a few processes before finally getting a reasonably clear and jitter/glitch free enlargement from 520p to 720p from .avi files, I fear that as with Sooty Studios and the many others that embraced electronic video from VHS onward since the 1980s, a lot of classic titles will only be salvageable for the big screen by software methods. If only there were a Hollywood Gloss topcoat filter to apply to cheap,washed out looking video.
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