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Found this on Digital Bits yesterday, via Barrie Maxwell's Classic Coming Attractions column:

There are some rumours surfacing that MGM will release the complete director's cut of John Wayne's The Alamo (as previously available only on the special edition laserdisc) by mid-2009. This would be a delightful release for the film's devoted fans, so let's hope there's some truth to it, especially if a Blu-ray version is also in the works.

Any thoughts on this potentially big piece of news?

Most welcome news. The current barebones MGM (oop?) is the short version. The original full-length cut was also available letterboxed across two VHS tapes.

Props55 wrote:Most welcome news. The current barebones MGM (oop?) is the short version. The original full-length cut was also available letterboxed across two VHS tapes.

Don't forget about the special edition laserdisc.

Hopefully, the roadshow editions of Hawaii (1966) and It's a Mad, Mad, Mad, Mad World (1963) will soon follow.

You got your John Wayne, you got your big panoramic action, you got one of the best western scores by Tiomkin, but you ain't got a hell of a lot of real history.
Well, who cares. This is the Alamo the way it should have been. Gotta stop myself from reading up on real events after seeing certain movies. You tend to learn disquieting things like the fact that some (not all by any means) of the men at the Alamo were fighting for the purpose of bringing Texas into the Union as a slave state. The supposedly backward country of Mexico prohibited slavery.
In the movie, when some of Santa Anna's troops approach the Alamo to offer surrender terms, Laurence Harvey fires a cannon as his answer, and Wayne says to him, "you DO know the short way to start a war."
Good moviemaking; they don't seem to do it this way anymore.

This is nothing but a rumor initially spread by someone at the Movies Unlimited website, who later retracted.