No, I'm aware of the extra footage but didn't know there was a re-edit to include everything. I'm not super into the idea honestly because I think Lynch is a pretty deliberate film maker. I've actually upped my rating to 4 stars in the meantime. I do that a lot as movies sit with me a while.
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I always saw the film as an odd (unnecessary?) extension to the TV series and the extended version includes more supporting material. A mini-series, I suppose.