Awww...c'mon, guys, give Elvis a little break here. You know, King of Rock and Roll, American icon, music as we know it wouldn't be the same without him...oh, well, to each thier own.
What I find interesting is that I seem to remember reading back in about 1984 (around the time that the Elvis catalogue was "digitally restored" back to it's "pristine mono state") that the crappy "rechanneled for Stereo" masters were created using a not entirely dissimilar technique: the mono master was played over a loudspeaker and the ambience was captured by another mike (or two?) AT THE BOTTOM OF A STAIRWELL (how "high tech") to create the "stereo" effect. I'm sure someone here can support/amend/shoot this info down, as I did read this almost 20 years ago.
I hope the results in this case are as good/interesting as advertised, and I'll love having the disc in my collection regardless. I just find it amusing that what goes around comes around, only with a different suit of (admittedly much nicer) clothes...