I agree that the first version was a lot less fluff, but this new version is more of a straight remake of the original 1933 film to me. The triceratops scene, the raft sequence, things like that were all important features of the original film. So this one is kind of supposed to be more of a straight remake than an actual improvement on the new film (though i still would rather watch spence edit 2.0 to Jackson's version.)
I'm not sure what my next edit will be. I have been looking at working on the spider-man films, possibly miami vice. I haven't decided quit yet. I rewatched the original spider-man and realized how horrible parts of it are. So i'd like to try and fix those up a bit.