Yeah, five cuts. Theatrical cut, international cut, director's cut, final cut, and workprint cut.
It's like...get the crew together, take a day, argue it over, and get the fooker right already.
That's what the final cut claims to be the result of. Workprint is the original crew's rough draft. Theatrical and international cuts were made by the studio, without the crew's input, based on audience response to previews. Director's cut is actually made by the studio again, but with lots of consultation from the director. Final cut is the one where the director was completely in charge, and had all the time he needed, though it's not all that different from director's cut.
Actually, as much as the theatrical cut sucks, I think it's good that the original version is available, and given a decent HD transfer as well (as opposed to a shoddy laserdisc transfer to a "bonus disc.") Five cuts might be overkill, but you don't need to watch all of them.