They should have a director's cut version, yes, but except of making a game with added content, they should have REMOVED most of it.

They should remove all the parts where you've got to do cycles of watching a calendar animation for 10 seconds, waiting 5 seconds for the school entrance to load, overhearing 3 useless lines of discussion, waiting 15 more seconds to listen to a lecture in the classroom, waiting 10 seconds to get to talk to the guy from your school that lets you access the map, waiting 5 seconds for the map to load, waiting 5 seconds to see a little cursor move on the map to the shrine, waiting 10 seconds for the shrine to load, making a donation to improve by 0.1% your academics, hauling your ass all the way back to the school, listening to a bite-sized account of the mundane tragedies of one of your school buddy to watch a tarot card fly around the screen, wait for your dorm screen to load, go back to the map, wait for the mall to load, go to a cafe or karaoke to improve another dumb stat, wait for the dorm to load again, decide to go in your room, wait for your room to load, decide to study, wait for the study screen to load, and call it a day. AND THEN REPEAT THIS DAMN CYCLE ABOUT 25 FUCKING TIMES BETWEEN EACH MAJOR EVENT OR ACTUAL GAME SEQUENCE.

I also hated how you are supposed to date girls just to dump them for other girls f you want to improve some stats correctly. That's an horrible way of letting the game mechanics assrape the story you're trying to tell.

More than an half of Persona 3 was an accurate simulation of how incredibly boring high school life is.
If they made a game with only the 30% of good parts, it would one of the best JRPG ever. It would last "only" 20 hours, but at least it would be worth playing.