WIKIPEDIA -
Some one posted this about the Extended Zeist Version - very cool!
Some time after the 2004 version was released, a handful of fans took scenes from all three officially released versions, as well as the deleted scenes, and edited together a well crafted fourth version of the film that ran for nearly 2 hours and contained all the new Director's Cut footage but retained the Zeist aspect. In addition to the Director's Cut footage and Deleted Scenes, they also took the well known Fairytale Ending and incorporated it into the end of the film.
LINK:
http://en.wikipedia.org/wiki/Highlander_II:_The_Quickeningn