He said that the footage wasn't HD... It's also a rip from a broadcast stream which means there's more compression and artefacts than the high bitrate of Blu-Ray.
Everybody calm down!
The Blu-Rays are almost out, the technicians working on the transfers would have to be absolutely negligent with the telecine machine to get bad results. From the interview posted it doesn't sound like they applied any noise reduction and they had many good sources for the color correction. The Blu-Rays are going to be at least good if not great.
Also from the Death footage they at the very end of the clip it looked like a very good transfer. Very clear, that at least is much better than anything out there (the footage of Death starts at around 1:41:00).