This film is simply one of my favourite films of all time. The movie is timeless & inspirational. I cannot reccomend it highly enough.
Now for the blu-ray review. This release includes the original black & white release of the film and a recent colourised version.
BLACK AND WHITE VERSION: Taking into account that the film is over 60 years old there is little to no grain. The picture and (mono) sound is crystal clear. The restoration of the film is fantastic and it has never looked better.
COLOUR VERSION: I'm aware that a few people dislike the colourisation of classic b/w movies, certain films should never be colourised as they work better in b/w (e.g. psycho). However I've always felt that It's a wonderful life, being a festive film and everything, would benefit from a colour print (not that there was anything wrong in the original b/w version) as long as it was done properly and not have people with yellow skin, etc. This is by far the best example of colourisation I have ever seen. If you didn't know the film you would believe that it was shot in colour (and quite recently too).
Having both versions pleases both the nostalgics and new generations. Both versions are included on a single disc.
One thing worth noting is that the film is presented in it's original aspect ratio. Instead of black lines at the top and bottom of the screen we have black bars at the sides. Normally producers stretch the film out when releasing on dvd / blu-ray but have not done so here. I believe this was intended to make the picture clearer as stretching it out to fit modern widescreen TV's may have distorted the picture and it wouldn't have looked quite as sharp as it does. Some people may be a little dissapointed with this (others may not), but when I watched it I quickly forgot about it as I got wrapped up in the story!
Another thing is the lack of extras. Many consider this to be one of the greatest movies ever made so why do we have no worthwhile extras included. All that is included are the 2 versions of the film, an original trailer, trivia track and a picture comparison of the 2 versions. Even the documentary presented by Frank Capra Jr. that was on previous releases has been ommitted. There is of course the usual scene selections and animated menu as well as English subtitles. The case does have a cardboard sleeve if that is any help!
All in all a classic movie with 2 versions to satisfy different tastes. Definately worth a look!! Highly reccomended.