According to the Digital Bits:
On the DVD front, MGM has announced Erik the Viking: The Director's (Son's) Cut for release on 12/4. No kidding - you'll find the cover art below. Additional details will follow soon.
Can't wait...
EDIT: Apparently, this was already released overseas, so only we poor souls in the States (and possibly Canada) have been deprived. I will say that our cousins overseas have better senses of humor, or humour, than we do. But we're gaining fast, what with a certain chimp in the White House.