Have you guys seen this new My Heritage app? Their website has a couple of really neat tools. There's a photo enhancer that can restore poor resolution photos, colorize them, and another tool that will animate them to make them come to life. There is a cost, but you can try it out for free for up to 10 photos.
I decided to test it a little bit. First, I started with this cartoon that looked a little pixelated. Before:
And after doesn't look too bad, but definitely better:
So there might be some hope for this. I decided to give it a try with a photo of