Just watched mine last night. PQ/AQ while not amazing are quite good. Subtitles are good except no onscreen text for part 1 is translated. For less than $6, this is a definite MUST BUY!!!

Ooooooooooh yeeeaaah!!!!

It is also CODE B !
I played it on my European (German) PS3 System.
Picture ans Sound are great. Aspect is 1,85:1 ,16:9

Absolutly upgrade to the DVD and worth a buy for a bargain price !

A very good release from Mill Creek.
Picturequality is even better than the japanese release !
Picture is 1080P with sharp detail and a good hd feeling.
There is even a japanese dts-HD5.1 track as well as an english dub in DD5.1.

The only letdown maybe is the total lack of extras compared to the DVD releases,but at the bargain price for this disc,it doesn' really mater.
Highly recommended.
Now let's hope for Gamera 3 !...

I want this but someone else will have to take the bullet. I bought their SPIRITED KILLER TRILOGY. First film: proper aspect ratio,
original 'Taiwanese'(!) and English dubbed audio, but no English subtitles at all. Second and third films: Original 'Taiwanese" audio, English subtitles - but the image is 2.35:1 stretched to fill the 16:9 frame.

I just don't have any confidence in a company that thinks the language spoken in Thailand is Taiwanese. Certainly not enough to blind buy their first Blu-ray.

The info from this thread:

Blu-ray.com Thread

makes me think this release might actually be... good

You certainly can't beat the price!

If this disc sucks I will hunt down those responsible and MAKE THEM PAY

Yes, where is GAMERA 3?!?!

Mill Creek Blu-rays? I'm going to just assume this release is compete and total rubbish until it's proven otherwise. Also: no GAMERA 3?