Thanks to a tip from List, I found out there is a director's cut of Donnie Darko arriving this summer. It was released in Seattle on June 2nd, but no official dates have been set for the rest of the summer. I've been doing a little bit of research, and Yahoo Movies claims a wide release on July 23rd, but no cities are specified. In regards to the purpose of the re-release, an article from CNN quotes Richard Kelly, the director, as saying:

"Even though I am proud of the theatrical version of the film, I've always felt that the story was somewhat compromised in order to come in under two hours," said "Darko" writer-director Richard Kelly. "With this version I feel like I've finally been able to complete the film."

This interview from Empire Online gives a few more details about the new cut. You can expect improved and updated sound as well as a wealth of new footage that didn't make the DVD. A couple sites said there is about twenty minutes of new footage. If you're dying to read a couple reviews and get some info from the fanboys, check out the IMDb message board for the film.

If anyone wants to go see this when it makes it to NYC, I will certainly be your movie buddy.