I'm a recent convert to Blu-ray, but so far have been a little disapointed with the film catalogue available, as the technology has been available for a couple of years now. However, this disc is an exception to that problem.
To start with, there's not much that needs to be said about the film itself that hasn't already been said, and most people must have seen a version or two by now, so I'll concentrate on the BR release.
To start with this is better value than most BR releases to date price-wise, and the main film disc is well presented and neatly put together. The animated menus are stylish, easy to use & neat. But what is a bigger surprise is just how much you get for your money. The package includes all 3 versions of Close Encounters, and all 3 are seamlessly put together on one disc. Also, you can select a menu which highlights every minute difference between all 3 while you watch, for real Close Encounter buffs.
The biggest shock of all is the second disc though. Normaly the extras tend to be a little cut-price on Blu-Ray, with a cheaper SD DVD second disc. So I was a little shocked to find the extras disc seems to be full HD BR too, running at 1080 (for me). Not only that, but for very lucky people with a better HD television, this release is recorded at very high-def 1920*1080. I'n not even sure if my PS3 can handle that resolution, but my TV certainly can't. No matter though as picture and sound are generaly good, but to be fair the film shows it's age slightly in darker night shots, with a little graining sometimes.
But overall, even without the cheaper price, this is easily the best value BR release I have seen to date. I just hope we can get more releases of this quality, and soon.