There's also a 9 DVD (mandarin only) version coming out later this year.
I don't think anything got cut (other than what ZJZ's editing cut already), because DVD-9s can hold more episodes per disc w/the same quality (correct me, if i'm wrong folks).
This reminds me of the TLBB 2003 set I bought earlier this year. The subs are excellent (not as great as fan-subs though) quality. They are also DVD-9 but have 5 episodes per 8 discs.