Akwat Kbrana said:

Evidently, there will be a theatrical release with an additional 20-25 minutes of footage. I presume the same will apply to the following two installments, as well.

I think you're reading that too fast. (or half fast) The only mention of a theatrical release I see is the standard one at 2:40.

But an extended edition on the way. Yay? I can't say I'm excited about it being longer... but perhaps it will have more goodness, and I can always make room for more goodness.