Gentlemen, the best movie ever just got better. If you thought what you saw in theaters was good, just wait until you see the extended version! I just went and bought the 4-disc basic edition and over three hours later I can say.. yes it's worth it! The movie is so much better with the new material, it makes me wonder should I see the Two Towers at all or just wait for the similar extended version The first part of the movie has couple large new scenes, like whole new kind of beginning for the movie right after the ring's history has been told, and the journey across the marshes, but the main differences are on the second post Rivendell disc - almost every scene is somehow edited. Usually just many small bits here and there but they carry the story so much better. I haven't even checked the two bonus discs yet, but the set would be worth $40 even without them. Oh, and if you own this special edition, the trailer for 'Two Towers' is hidden at the chapter selection screen: go to the very last page and hit down-button once and the Two Towers logo should appear. Thumbs up for the Extended Version, be sure to mention it on your letter to Santa.