Seinfeld Seasons 1&2

The first version probably provides the most value, although it contains just the first two seasons.  The price is great compared with other DVDs (Amazon.com lists at just $32.47), and you get all 18 original episodes including the pilot on the 4 DVDs.  This will be released November 23, 2004.   On top of that, you get a bunch on deleted scenes and many other extra features including:

- Bloopers and outtakes.

- Remember when they used to open each Seinfeld segment (and close the show) with Jerry on stage doing his act?  This DVD has all the material they didn't use in the show.

- Ads and Trailers (like they needed any)

- A hour long documentary featuring how Larry David and Jerry Seinfeld came up with the concept for Sienfeld (and how it almost didn't happen).

Seinfeld Gift Pack Seasons 1-3

OK, so some marketing major looked at the Seinfeld DVD boxed set and made a recommendation.  This is the Seinfeld 'gift' pack where you get a set of playing cards, salt and pepper shakers (say what?) and a copy of the original script.  It seems to me you are basically paying the extra money (total price at Amazon $77.97) for the extra Seinfeld season (3rd Season). 

This set will also be released November 23, 2004, but is available for pre-ordering.

My guess is that the biggest Seinfeld fans will buy this item.   Those that can wait will buy Seasons 1&2 and wait for the 'lighter' version to come out with the new seasons (3+).