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The "extended cut" looks great. The original cinematography was wonderful. The original music at times gets a bit repetitive, but I imagine that not many people have John Williams talent. Regardless, the most annoying thing about this version is the complete lack of subtitles for the many foreign languages spoken (German, "ancient Egyptian", etc). The only way to get any subtitling (and still much of the subtitles is not there) is to turn on either the English or Spanish subtitles. On the DVD I rented, the subtitles were there just for the foreign languages, leaving the English un-subbed. It wouldn't be so bad, except that this is a Blu-Ray, for which you're paying extra. You expect a little bit of continuity between the movies on different formats. I say, stick with the standard DVD version.
What's great about it: Looks great in hi-def
What's not so great: No subtitles for the many "ancient Egyptian" dialogues that occur.