I'm so glad we're getting a re-release (with slight updates) rather than a remake. Shenmue is beautiful and its quirks are important to the game.
I've never used time skip. To me the fun of Shenmue is the opposite of time skip.. its the immersive experience, I don't want to skip anything
As for graphics, its going to be better in some ways and worse in ways, I'm keeping expectations low.. and I'm pretty easy to please- I even like the terrible bloom lighting just for the nostalgia of playing it on xbox. Shenmue is awesome for its good and its quirky content (especially since you bought merchandise) and I'm looking forward new to new version having even more quirks, along with enhanced points too