I have been waiting for LOTR and Star Wars to come out on blu-ray for a long time! I have the extended edition of the LOTR DVD's and I still watch them quite frequently. I play them on my PS3, so the picture quality is quite good even though it's not 1080p. I think I can wait a little longer. As tempting as it is to buy this, I think I will only get frustrated because I am used to watching the extended versions - so I'll feel like something has been cut out.