I'm hoping that a Director's Cut will be released on DVD and Blu-ray at the same time as the theatrical cut, perhaps even on the same disc(s). However, I fear that Fox will be greedy and release it at LEAST a few months after the theatrical cut.
Having said that, I feel that a Director's Cut should involve removing segments too, specifically those of unnecessary exposition and also chopping out as much of the awful dialogue as is possible without remiving anything that's really necessary.
Damon Lindelof should be ashamed of himself for his awful contributions to this film.
I'd like to see some of the music removed too, or replaced with something much better - most of it is so bland and generic and is played during scenes that would be better with no music at all.