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Image cropped and shrunk down from DVD Beaver's excellent review. Go there for many more gorgeous examples of the picture quality of this release.
The Blu-ray released by MGM a couple weeks ago is the best that Spaceballs has ever looked or sounded on home video. Varying levels of contrast and sharpness are noticeable, as is a healthy amount of grain. This ends up being a great reference disc for people who freak out at the mere mention of Digital Noise Reduction, as there is none visible to me here. All the extras are carried over from the most recent DVD Special Edition, including the not-great Mel Brooks Commentary. Also packed in is the old flipper DVD edition, with pan-and-scan on one side, and widescreen on the other. I would have preferred a Digital Copy suitable for portable devices, but whatever.