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At this point I think it's more important that someone make the point of releasing the theatrical version only and, as someone else said it, putting the genie back in the bottle regarding all this SE nonsense. It needs to be done, to make a statement.
Of course, I am all for history. But the SE of E.T. is a little footnote, an interesting aside, that it played in theatres (unsuccessfully) and was released on video (alongside the theatrical cut, I might add). I guess if you wanted to get definitive they could have included it via branching without trouble, or put the extra/changed scenes in the deleted/alternate scenes section. I don't doubt that one day people will see this again (in high-def) but I don't think anyone should be complaining too much about this right now. There are more important things to get sorted out before we start worrying about preserving the SE of E.T.