Tell me more! Where did you read this on the Internet? I hadn't heard of any new restoration effort on this film, but if one is happening, I'd love to know more about it.
Short background: This film fell into the public domain---i.e., the copyright expired, so anyone is free to copy it and sell it. Because of its PD status, most of the video copies you see are from poorly printed dupe prints, or damaged/abused/worn prints, or incomplete prints (the film was reissued in a cut-down version). I can tell you what an original quality print looks like---we're lucky enough to own a vintage 16mm print that was struck only a year after the film was released and is in very good condition for its age. The image quality is SO much better than most videos.
If you want the best-quality DVD version available,
get this one.
It was produced by a company that had access to the original 35mm film elements, and is complete---NOT the cut-down reissue.
Many viewers don't care for the Hicks version of "Scrooge" because of his "stagy" portrayal. But consider that he played the role onstage, in a silent film, on radio, and in a talking film, and was England's favorite Scrooge for decades. We're lucky his interpretation was recorded for posterity, even if it appears "over the top" by today's standards. It's a window on Christmas history---a living relic of Christmas past. If the original elements are now being repaired and restored---Hallelujah! I guess you can tell I'm very much in favor of film restoration.
Here's a sad-but-true bit of trivia: Well over half of all films made before 1950 have been lost forever due to decomposition. Many films awaiting restoration will decompose before money is available to save them.