Reissues are worse than originals in 99% of cases. Division Bell album isn't exception at all.
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In 1994 I was at the record store and had the choice of black vinyl or blue vinyl for $10 more. I purchased the blue vinyl. It sounds very, very good, quality recording, quality vinyl. Unfortunately I can't answer your question because I haven't heard the reissue. I can tell you the original pressings sound quality wise are very, very good.
I wasn't aware that there was a vinyl re-issue in 2009, have you a link to anywhere mentioning it? There are quite a few unofficial coloured lps about that would just be a bootleg of a cd but nothing from EMI.
The original release on either the transparent blue or the black vinyl are very good. I wouldn't spend one cent on an unofficial version.
The original UK pressing is black. Sounds the most dynamic of any I have heard but my three (and two were sealed/new) are a bit noisy. All the original US first pressings were a dark semi transparent blue. They sound very good and are quiet.
The first US re-issue came out on either a translucent light blue or a translucent orange. My re-issues have TML-M and PAL/PBL 64200 on the 1/2" wide run out. The first press US LP has about a 1/4" run out with just the disc #, 64200, hand written. The US re-issue has slight loss of dynamics and air when compared to the first US and UK pressings. Still, quite enjoyable.
There is a Korean double disc set in black. Don't bother with that one.
There are some marbled and some solid baby blue re-issues out there that came out in the last few years. Not bad but could not recommend them when there are plenty of orignal UK & US versions out there. Those are the ones with which I have first hand knowledge. Hope it helps.