I wasn't going to buy it, but now that I read that It's a Wonderful Life has been given a "facelift," I might just buy it again:
Republic first released this film on DVD back in 1998, and the transfer was fine for its day. Paramount has recently taken over distribution of the film however, and for its 60th anniversary, they've taken the opportunity to restore the film and create a brand new high-definition master. The new disc features a superior video presentation in the original full frame aspect ratio. While the previous DVD had a slightly digital look to it, this new image is wonderfully smooth and detailed, without appearing edgy or artificially filtered. It's presented in the original B&W, and features excellent contrast, texture and shadow detailing. The image is noticeably cleaner than the previous DVD, with far less visible dust, dirt and nicks on the print, and with an appropriately film-like quality that's very pleasing to the eye. The audio is improved as well, presented in Dolby Digital 2.0 mono. Dialogue is clear at all times, and the track thankfully fixes the defects that hampered the previous DVD's audio, which caused the sound to occasionally take on a muffled quality.
Learn more here.
I do have to admit, Walgreen's sells a new building from Bedford Falls each year - the mini ceramic, collectible ones. I am a proud owner of Martini's bar & bring it out each year.