Ok watched the dvd last night and have a few more ideas:
1.) Why can't we cut after Indy askes for a compass to the point where he uses the shotgun shell BB's to find the right crate? That way we NEVER have to see the gunpowder bit.
2.) Music - first of all since this fil strayed so far from the others, I feel like only some of the excellent and familiar music from the OT could reel it back in line. Also, several scenes could use more tension and music could help here. I HATE the kiddy happy music during Mutt's sword fight, why not put in a more thrilling and dangerous piece of music from ROTLA or TOD?
3.) I REALLY want Indy to just punch Mac instead of the "Hi MAC!" goofiness. The commercial made this edit and I love it.
4.) We can cut the vine swinging completely - maybe. Very rarely can you tell that Mutt is not in the jeep during the chase. The last time we see him before the vine thing, he kinda reaches for the windsheild - the first time we see him after the vine he's down on the floor board. If we cut the chase down as done in one of the posted edits.
5.) Cut a LITTLE from the "Hound Dog" sequence in the beginning. I like the scene, but it goes on a bit long.