I agree with most of what has been said here. Extended versions of films is a great thing for fans to sink their teeth into, and a lot of us are willing to pay a little more to get some more interesting stuff on our DVDs.
The one thing I'm really bugged to the point of anger about is New Line's shamelessly greedy DVD policy on the LOTR releases. It's fine that they want to release two versions of each film, but I find it beneath contempt that they plan their release schedule so that people are 'encouraged' to buy both the original theatrical version of the film as well as the extended DVD version several months later.
I'm a happy little LOTR fan (or was until I saw TTT...), and I gladly handed over the money for the extended version of FOTR, but I don't like being lied to when New Line told us last year that 'oh, we can't finish the extended version until November'... At least this year they at least had the courage to admit that it is simply a marketing strategy to get as much cash out of the fans as they possibly can (note that the article mentioned above specifically says the extended DVD release is set to coincide with the premiere of ROTK in the theatres).
Don't get me wrong - I know New Line is a business and has to earn money to stay alive. I understand that and accept it. But I'm not so gullible that I buy just any explanation they hand out, and while they have every right to earn money, New Line can't exactly claim that they didn't make enough on the FOTR in the theatres. I mean, they already got their money back for making all *three* films, what, four or five times in the the theatres alone? And then they promptly proceed to send out the DVDs in a careful marketing strategy to make the hardcore fans pay for the movie twice. Wow - that's some way to reward the real fans!
Last year I decided that I'd be damned before I'd let New Line pull my hard-earned money out of my pocket twice for the same movie. I hear they put a discount for the extended version in the first release - as far as I'm concerned it might as well have said, "Thanks for the money, sucker". New Line deserves to make money on these films, but there is a difference between making money and milking the fans for every penny. I hope this is not a policy that will be adopted by other greedy studios, because not only is it the sort of thing that makes New Line hated, it is probably also a major cause of piracy. Greed, thy name is New Line!
"We think we've come so far... Torture of heretics, burning of witches - it's all ancient history. Then, before you can blink an eye, suddenly it threatens to start all over again..."
- Captain Picard, "The Drumhead" (TNG).