Now really which one would you choose, after reading this you will know the obvious answer if you haven't already.
Source
http://andriasang.co...lipop_chainsaw/

Kadokawa Games made formal announcement today of the Lollipop Chainsaw Premium Edition that was first revealed in Dengeki PlayStation earlier in the week.
As previously detailed, the Japanese version of Grasshopper Manufacture's new action title will be offered in standard and Premium Edition packages. The standard version tones down the content enough for a D CERO rating. Premium Edition has a Z rating (the same rating that games like Grand Theft Auto get), with selectable gore/violence levels.
The Premium Edition also allows you to switch between Japanese and English voices and includes exclusive costumes.
Kadokawa is readying three different package designs for the game. PS3 and Xbox 360 share the same packaging for the standard version, but have different box art for the Premium Edition. You can get a small glimpse here:
Both versions are priced ¥7,980. Look for Lollipop Chainsaw in May.
Source
http://andriasang.co...lipop_chainsaw/
The cut version most likely is not going to sell.