As of right now...the rumor is it just has additional 70 minutes of "bonus" footage. No offical word has been given if there is going to be a new cut of the movie released. I'm sure it will all just be bonus footage
Blu-Ray seems neat and all... but I look at my collection of 150 DVDs or so and I cry at the notion of re-buying them all on Blu-Ray. It took me years to get all of them on DVD and it feels like DVD has only been around for about 10 years. I personally do not own an HD-TV yet so I wouldn't get the best possible experience anyway.
I kind of feel like the "high-def" era we are in is a little over hyped. I've played video games on high-def televisions and all that, but I wasn't blown away or anything to the point that I'd want to go buy an expensive television, an expensive blu-ray player and then replace my DVD collection with a new format.
It just feels too soon to me. Although, I plan on getting a PS3 and I have to admit I really want to own TDK on Blu-Ray.
As for T2: The Director's Cut, the title says it all: everything is in here (the vast majority of adding scenes woven into the first half), bulking out the running-time to 153 minutes. Visually, it holds up exceptionally. The CG has either aged or still stuns, depending on your viewpoint - the hi-def format will do nothing to change your mind.
Overall, indispensible for those who've always loved this movie.
Blu-ray will overtake standard DVDs as the primary form of content software within the next four years, accounting for 61% of the U.S. DVDs sold by 2012, U.K.-based consultant Futuresource says. Such growth will easily outpace that in western Europe, where Blu-ray will account for between 39% and 50% of DVD sales by 2012, according to the report.
Our source that hooked us up with these imagies told us that the Blu-ray would include "BD Live" and that there would be a 3-disc version with the 3rd disc being a digital copy for iPod or other video player.