Unlikely...he also states in almost the same breath on the DVD that most films have a large amount of footage shot but never used, a statement which holds true for almost every film made.
Just wait 6 months, if no news or rumours then more than likly the thing won't happen



John Turtletaub mentioned that the original film he made ended up being 4 hours long. Being a big fan of the movie and the director, what do you think is the likelihood of a director's cut coming out on dvd?