This coming September, there will be a new limited DVD release (HD-DVD & Blu-ray Disc are also planned) of the restored 1992 Director's Cut (you know... the one that isn't really a director's cut). This will be available for just four months. We believe this is basically the 2-disc release that Warner had originally planned to bow LAST year.
Then next year, just in time for the film's 25th anniversary, Ridley Scott's ultimate Blade Runner: The Final Cut will hit theaters for a limited run. This will be a REAL director's cut, with restored scenes and more - all the stuff that Ridley's always wanted to do with the film but hasn't really been given the chance to do before. That will be followed later in the year by an Ultimate Blade Runner DVD release. You can expect a multi-disc box set (again, likely with a simultaneous HD-DVD and Blu-ray Disc release) that will contain at least four different versions of the film... ALL in full anamorphic widescreen, we might add. You'll get the film's original U.S. theatrical cut, you'll get the expanded international theatrical cut, you'll get the 1992 Director's Cut and you'll get the new Final Cut as well. Now... we realize at this point, you may have questions. Keep in mind, there's a TON of additional material that's going to be included in this set that hasn't been announced and can't be talked about yet - all-new material that you've never seen before. The set is pretty early in the planning and production stage, so it's way too early to talk details, but trust us... some very cool stuff is in the works. These extras will likely be different from the September '06 release, so if you buy both you'll at least be getting your money's worth.
Personally, the 1992 version (which was erroneously called the 'Director's' cut) is the best so far, but we'll see how the "Final Cut" looks.