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Daffy Duck's Quackbusters is considered by many animation fans to be the best compilation film featuring both classic and modern Looney Tunes animation. The feature was both written and directed by Greg Ford and Terry Lennon who were the last directors to give the Looney Tunes proper treatment by keeping their shorts contempory and keeping true to the classics.
Here's a link to an article about their Looney projects from 1992 that describes what work went into Quackbusters, Lunar Tunes, Blooper Bunny plus others that are still sitting in limbo.http://jedaniels-adventures.blogspot.com/2006/06/
The upcoming DVD release will also feature 3 bonus feature animated shorts: Duck Dodgers And The Return of The 24th and 1/2 Century, Superior Duck & Little Go Beep!