I rate this 5 stars for the film itself and for the commentary by Carpenter (it's about time someone did this!). I would rate the color version at least 4 stars. Although people scream and screech about the colorized version, I find it very interesting. In some ways it's like seeing the film for the first time again. My eyes are drawn to things I never noticed before. It still is rich with atmosphere like the black and white version, and unlike a lot of colorized films, I think the color palette in The Thing is quite effective. Having said that, of course, the black and white original is the standard and the proper way to first see the film. But, come on folks, it's not like the color version is supplanting the B&W, as this release proves. The only thing about the color release is that it's the edited 80 min version, not the complete 87 min. film, hence 4 stars. A 7 minute sequence between Kenneth Tobey and Margaret Sheridan where she expresses her feelings about the meaning of "that thing in the ice" and a following scene where she jokes with him romantically, and she's thinking he's tied to a chair in her office, is missing. This 7 minutes is present on the black and white version, however. On the other hand, in some ways, the film's pace seems to work better without those 7 minutes. Either way, this is a great great science fiction film, likely the most sophisticated of its era, and I don't agree that this release is a rip off.