I didn't even know there had been a Captain America film before, until just about 4 months ago. Now this is a film most people try to not bring up on purpose on many, many grounds but I felt this news was kinda noteworthy.
Just a little bit of juice on the film for your own information: supposedly Dolph Lundgren, Arnold Schwarzenegger and even Val Kilmer were some of the few considered to play the iconic character. The film itself was supposed to be a huge budget spectacle for 20th Century Fox. Unfortunately, or maybe fortunately, the financiers left the project just before it started filming and the result was, well, a special kinda film.
The man behind the film was Albert Pyun, famous for his low budget b-movies and recuts.
According to Pyun, the "director's cut" will be based on "my own 35 mm CA work picture and temp mix" that I did before he left the film.
The film is now extended to the original 124 minutes instead of 97 minutes. It has "a few added scenes, and is more character-oriented and less 'super hero action.'" Also, Pyun's version has a different soundtrack and is in 5.1 stereo.

It will arrive on BluRay in May, and screen at the Fantasia Film Festival in July and B-Movie Celebration in September. For details on the release you can sign up to get more announcements over at Albert Pyun’s website: www.pyun.com/
Here's the trailer to the film, in case you haven't watch it:
About The Author:
Norwegian who is a closet-comicbookfan. Also a DC fanboy, I might add. Green Lantern is my favorite superhero, especially the old Hal Jordan before he went insane and all this damn flashlights from orange to blue came into the picture. Bats' of course follows.
Beware My Power!