I'm voting #2. The DVD's is a very solid product, they did a marvelous job. The audio commentaries are great, easily the best part (apart from the episodes
The cut scenes was good, I just hoped there would've been more of them. The many nice touches, like in the chapter selection menu was neat to have, and had some good injokes.
The mainselection menu was not that great, the back ground noice, while consistent with the show, was just irritating.
Storyboards and scripts for the pilot was great, and Cohens handwritten comments was very funny/good. Too bad they couldn't include that for the other episodes.
All the drawings of earlier versions of the characters was weird, but in a good way. They had some pretty far out ideas at the beginning.
Good thing Groenings initial ideas more or less prevailed. Particular Fry and Leela had some strange alternatives.
Overall, top quality, brilliant. Just a few irritating small bits that keeps it out of option #1.
And now I'm just waiting for the season 2 set. To be out before Xmas.