Here is the link to the project in question's forum, and the specific music thread.
Then pay attention please. They're not looking to remix the songs, they're looking to remaster them. I'll agree, the MIDI rips aren't ideal, but their the best most of the current participants can come up with. They are hackers and coders, not musicians.
If you want an example of what we're lookign for, check out Darkesword's Special Stage entry. This is a good example of what they want, as oppose to say, the remix. They're not saying the remix is bad, it's just not what they want for this. Again, remasters, not remixes.
Even though I haven't really contributed anything, I'm personally disheartened by the lack of enthusiasm for this project from this forum. I know alot of endeavors haven't worked out in the past, but jeez, talk about raining on the parade.