I broke down and ordered the Limited Edition. I saw Night Breed in the theaters twice upon its release and have always felt it was a damaged classic. I never thought I'd see the day when the longer cut would surface. When it did, on multi-generational VHS, I was pleased but still sad that the original film elements were, apparently, gone for good. The announcement that they had found the original negatives for the cuts was a total surprise. Yes, the price is high. I never once felt it was because Shout Factory were trying to gouge the fans. It had to have cost them a pretty penny to do the work on the Director's Cut and WB are notoriously stingy when it comes to sub-licensing their catalog. I'm buying that version to support a label that is genuinely seeking out and releasing films for genre fans and doing a great job of doing so. There aren't many labels like Shout Factory out there and, sad to say, I don't know how much longer physical media will be around.
(PS The poster is available for all pre-orders of the LE from the Shout Factory site. The "1,000 copies" thing was just to entice those collectors for whom a low-numbered copy is important.)