I had that idea too! I never asked anyone what they thought if it though. I think it is a great idea. I really want to see the banned episodes.
I saw a something on a website once...DVGN I believe (but I'm not entirely sure) and it showed a still picture of the flashing scene from Electric Soldier Porygon and then next to it was the same picture but with the flashy background editted out and the guy had gone into paint shop pro or something and made it look like a regular explosion...If that guy can do it in PSP then they can do it with real artists.