It was leaked a while ago that in summer 2005 a directors cut of the block buster Titanic will be released. There is a site which has the trailer. Now am not sure if it is but there are many shots not seen in the thetrical version and some bits that was in it are seen from a different angle. The site says this trailer was put on summer 2003 which would mean am wrong but this sites dates are questionable. It takes a while to download (50mb) but well worth it.

One such new bit is when they arrive in southhampeton and carl says
"we are on the grandest ship in history, and you act like you are going to your execution.

Plus a bit where roses grand daughter talks to doctor loved( a think thats his name) where she questions him about her being there. Also you see leo punch carl in the stomach.

this is the site takes a while but worth it even if it isnt the new version which is comming this summer.

http://www.movie-list.net/classics/titanic.mov

If that isnt the new version then it just gives you a taste what the directors cut will be like.