Exorcist: The Beginning Again?

"We are definitely leaning toward releasing [Shrader's version] in some form," said Guy McElwaine, president of Morgan Creek. "Paul was out here all last week and we talked about it a lot." Although the film could roll out directly to video, McElwaine said he is considering giving the film a limited theatrical launch first.

It makes complete sense to release this because they don't to lose out on a $35 million investment. From what I have heard is that his version is really bad. But it looks like soon enough we can judge it for ourselves.

Source: DavisDVD