No, the directors cut was what appeared on the previous Blu-ray. It's not new or simply renamed from the "Version You've Never Seen." It has some minor changes from that version. Removal of some of the more clumsy superimpositions, etc. It's a subtle difference, but an improvement.
Now that you mention it, wasn't the goofy floating Pazuzu head in the kitchen gone or more subtle? The added scenes are still the same though, correct?
Edited by TravisR, June 20 2013 - 09:57 AM.