A single fan did it himself for free in like one year
Don't believe George's bullshit. It's not that expensive or time consuming in the grand scheme of things. If they wanted to make it happen, they'd make it happen.
Problem is, no one really cares about the original,
unaltered trilogy. As long as the original trilogy is there at all, it's enough for most fans.
I know all about the Despecialized editions. And yeah, they look great.
Disney can't just slap up a 720p Frankenstein monster AVC file created out of the DVDs, the LDs, the Blu-Rays, and some HD broadcasts, and then upload the file to a bunch of torrent sites. If they're going to put out the product, they have to either hire a company (probably Lowry) to go in and re-remaster the footage, or they have to work from Lowry's original digital captures, and re-composite the effects work, or digitally re-create the original effects work. then they have to produce, design, package, and advertise this new product.
It's not a case of "believing George's bullshit," because this isn't George's call anymore. The reality of the situation is that Disney can, could (and should, in my personal opinion) pursue this avenue, but it IS going to cost money, and they have to know whether or not that expenditure and effort is going to be worth it.
They also have to deal with Fox, as has been mentioned, unless they want to wait for 2020 so the deal they make is SOLELY for Star Wars, and not the 2/3ds of the trilogy that will revert back to them. At which point, who knows what home video will look like, and at what resolution we'll "need" our Star Wars to be in, in order to deem the effort "worthy." At that point, a 720p frankenstein's monster, even one as pretty as Harmy's Despecialized edition, is definitely not gonna cut it.