Entertainment Weekly magazine has some news about the DVD release of The Fellowship of the Ring. According to the article:
The article also mentions an “…extended gift-giving scene of Cate Blanchett’s Elf Queen.”, plus some background on Aragorn. These will be on the director’s cut version.
Ahhh, this is why I bought my DVD player.
I knew the gift giving scene had to be there, they showed it in the early trailers.
I recall a lot of posters mentioning Galadriel’s gifts being left out of the movie - that’s why I made sure to mention it here. You still have to wait for the fall release, though.