While certainly not remastered to the standard that has been set by the later Looney Tunes Golden Collections and the Popeye discs, I'd argue that the cartoons on the I Love Tweety DVDs are remastered. Most of them look very similar to the Standard Definition transfers of post-1948 Looney Tunes found on the first Golden Collection.
By today's standards, would I consider these transfers necessarily "restored"? Eh, not entirely. I do think that most of them were sourced from 1998 "Dubbed version" copies.
Regardless, though, they are still worth getting copies of--at least for collector purposes.