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1) If you can get it cheap, then yes. If you are buying it for the special features only, don't bother, as you can just get the Curtain Raiser.
2) It is definitely possible, but I'd say that it would take quite a while.
3) Not that many scenes are new. There are a few notable additions here and there, but they probably don't exceed more than ten minutes or so. This surely doesn't contain the rumoured half an hour footage that was supposedly cut for the international print. Mind you, some of the background music has been altered.
4) As far as I know, the pirates have been crap. The official DVD doesn't have reference quality video and sound, but I'm very content with it over my unofficial copy. It depends how much you love the film. If you can wait until the possibility of a new one has passed, then do so.
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