I'd like to see ML colorize, sharpen, etc., older B+W movies. Silent movies would be greatly improved with the addition of a soundtrack (music[2], foley effects[1], and replacing the dialog cards with voice actors).
1. Yes, they already do add some foley effects. But very little.
2. Yes, they do add a music soundtrack. But it's almost always awful period music.
> the ethical and artistic arguments
Those are all baloney. Doing what I suggest does not destroy the originals in any way. It's simply making the movies more enjoyable. Apparently, a lot of purists want people to suffer watching them: suffer with grainy, blotchy film, difficult to make out flickering black & white, and bad piano music.
There's a reddit newsgroup where people colorize old B+W photos. They really do an amazing job. By colorizing key frames in a movie, ML can take care of the rest.
BTW, I've seen many bad attempts at colorizing old footage, like those "WW2 In Color" documentaries. You can always tell because the teeth & gums of the people are grey :-/ and the faces are a uniform brown. ML ought to be able to do a lot better.