I'm honestly not disappointed, but I see where you are coming from, Ron. Kong is a fun movie, but is really over-indulgent as it is....Jackson is one of those filmmakers that now that he has final cut, can't seem to bring himself to cut much of anything. The movie is a blast, but in terms of length I don't see how there could be anything else to add that would move the story along further or deepen the characters. I'm a little surprised the audio specs for this disc have not been announced yet......hopefully we'll get TrueHD.
Peter Jackson is one of the rare directors that has been able to produce 'director exetended editions' that have actually been considerably better than the theatrical release. The extended editions of the LOTR trilogy, and of his underated Frighteners are superb examples of a director expanding on a story line, and not just adding scenes back in that were taken out to tighten up pacing, or because they just didn't work.
When it comes to King Kong, while I liked the theatrical release, I felt it was a tad overlong. A comment from my girl friend was 'does this scene ever end?' I am not sure how the extended edition can help make this movie better, but I will rent the SD when it comes out just to see for myself.
What I would have liked to see would be a double disk edition, with both versions, to allow the consumer the chance to view both, and determine the better himself.