Just got my red vinyl Messner today. Put it on 30 seconds ago. Will come back with results.
EDIT:
Here is my rig, for reference:
Pioneer PL-L800 linear tracking turntable
Audio Technica AT440MLa cartridge
Sanyo integrated amp
First, let's talk about the packaging. Very nice glossy sleeve, including a gatefold which replaces the printed inner sleeve which is now a snazzy matte plastic anti-static sleeve. The sleeve feels very sturdy. The art has great clarity and the words are printed pretty clearly, which is rather refreshing after the somewhat disappointing packaging of the Whatever and Suburbs reissues.
Next, the colored vinyl is just gorgeous. Bright red color, very clean, and appears to be little to no pressing defects. I think there was one tiny dimpled area which is inaudible on playback. The vinyl is dead quiet with virtually no surface noise. The sound is consistent from the first drop of the needle to the very inner groove with no distortion to be heard anywhere.
Most importantly, let's discuss the sound. I can say with complete confidence that this is the best sounding version of Reinhold Messner ever released. The dynamics are fantastic. Robert's bass and Darren's drums have never sounded better. The background vocals are rich and lush. The recording really seems to open up; the soundstage feels bigger and better.
The separation of instruments is out of this world -- the sound is NEVER cluttered, even in the loudest parts of Narcolepsy, the synth craziness of Your Redneck Past, the end of Regrets, or the climax of Lullabye. The increased clarity of the recording brings out details like the chimes at the end of Don't Change Your Plans and the little creaks of the studio in Magic. Like the original vinyl pressing, Hospital Song concludes side one and the final chord rings out into silence. On the CD, that decay would be interrupted and Army would begin. The horns have such great presence in Army.
I'm hearing things I've never heard before, such as very faint studio chatter in the right channel as the band begins to play on Your Most Valuable Possession. Jane is rich and warm (WARMTH on a Ben Folds Five record, imagine that) and I've never heard the electric piano quite as well as on this LP. There's also a gorgeous synth during the chorus that I never noticed before.
This is the definitive version of the album without a doubt. While there are no differences in the mixes used (unlike the Silverman reissue), the sound quality alone makes it worth the price of admission.