With the way the cuts were made to the DVD, I don't think it destorys the release totally. To be fair, it's not even half a minute that has to be cut, only 22+ some odd seconds? When I watched the offending scene it seemed like it had very little on-screen time anyway. But it will put collectors of owning it because no matter how little has been cut, it's still a cut version. I haven't read through all of this thread, but if the extras are good I may pick it up. The HD aspect doesn't make a difference to me. I don't much care for the whole HD thing, if the DVD quality is good, it does me.
I still have my Shameless DVD of it, and recently got the AWE (Another World Entertainment) release.