I'm actually very disappointed with you, woot, for this description. I teach film, and it's sad to see a usually informed woot (or at least willing to take a moment for research) use this horrific misconception for a weak joke.
The quality, in terms of resolution, of 35mm film vs Blu Ray (or anything HD) is remarkably different. Though you could argue the effectiveness of an animated film to some degree, the fact remains that the French Connection, which was shot in 35mm, would have up to 12 million pixels of resolution on that film stock. When it originally made it to DVD, it would have well under that quality (I believe it's around 340k pixels total). Blu Ray clocks in at around 2 million.
Considering they go back to an original print to make the Blu Ray, they would have 12 million pixels to reference, from which they can easily raise the quality from 340k to 2 million.
Sad day, woot =(
Quick references: http://www.filmschooldirect.com/sample_lessons/sample_lesson_HD_vs_35mm.htm