I did, when it came out. I remember liking it but can't remember anything about it now except it was about a kid in Sicily and a movie theater. Guess I need to rent it again.
The old projectionist saves all the scenes the priest who owns the theater made him cut out. He splices all them together for the little boy as a present to be given to him after his death. Priceless.
By the way, the "director's cut" edition is inferior to the original. The extra scenes destroy the story line that caused us to fall in love with the movie the first time. Both versions are on the DVD, but my advice is to only watch the shorter one.