I remember seeing a review of the Blu-Ray release saying that the conversion was unusually well done. Always loved that movie, I was THE target audience. I'll have to see about getting it again.
Visited Dad at the fire station one day many, MANY years ago, and was putting a quarter in the game machine - Galaga, I think it was - and he said something to the effect of "Be careful you don't get a visit from an alien looking to come take you out into space to fly a fighter, like in that movie."