The first part is dead right.
The second part is dead wrong. Do his jackbooted thugs (ex Federal agents fired for brutality, probably) gonna come over and force you to buy the new release?
As to the "democracy" part, if you attended Wondercon 2004 and saw the Star Wars programming, you kind of get a scary glimplse into the decision making process over at LFL and ILM into the making of Star Wars Ep3. One segment showed the character design process for General Grievous. The segment showed a bunch of ILM production assistants who spend feavorish weeks on coming up with various designs to this character. The decision making process essentially came down to George Lucas coming in with a rubber stamp to mark the ones that he liked.
My hat's off to him that not only is Lucas a writer, director and producer, for all of the newer films, but he owns the resource to make them (ILM, Skywalker Sound, etc). However, film making tends to be a collaborative process with the effort and ideas of others even if one person has a vision. With the original films, Lucas had to bounce idea off folks like his ex-wife, Maria, ex-producer, Gary Kurtz and and ex-director Irvin Kershner. Many fans consider Empire Strikes Back the best film. In fact George Lucas got ready of many people who participated in that project after its completion. As he owns the films and the resources to make them, he will release all six of the films as he sees fit.