If I remember the details correctly HBO wanted to do a cut similar to the Netflix one and Simon (and maybe others?) Went back through the entire series and meticulously edited the shots to still have the same meaning / context.
The result by the way is incredible. The Wire is one of my favorite shows of all time anyway, but the fact that you can watch it today in such high quality is a real delight.
https://www.youtube.com/watch?v=oZWNGq70Oyo
(edit: already posted in this thread, oops: https://news.ycombinator.com/item?id=28737063)
Ignoring random fire alarms and watching the actors on stage is kind of natural to me, it wouldn't bother me watching Buffy.
You can see this in many other early 2000’s shows like TWW.