Personally, I don't really like this edit (if the quicktime files are representative of it). I guess it might work for someone who hated the movie and wanted a "Batman & Robin: De-Assified" type cutdown of the film, but it doesn't add anything to it. It simply cuts away at the plot and the emotion of the story is lost. For example, the editor cut the origin story, but the edit still ends with Daredevil dropping a rose at the place where his father died. Does that make sense if you don't know his father died there?
I started my own edit of the movie a few days before Rikter posted this thread (the first time I heard of this edit) and since I felt the theatrical cut was decent and had potential to be good, I was happy to see the director's cut added some good stuff to the film. So I took the DC and just removed some scenes that were unnecessary and trimmed stuff that didn't work for me. Of course, I actually liked the film the begin with, so I'm sure others would find a lot of stuff that's wrong with my version. I did one version that is simply the director's cut with about 13 minutes removed and another which is sort of a hybrid of the theatrical and director's cuts.