Director's Cut
In December 2004, a director's cut of the film was released on DVD. This version added 30 minutes of footage not seen in the original, including an entire subplot involving Murdock defending a murder suspect played by rapper Coolio. It won a large following that was disappointed with the initial theatrical release. Director Mark Steven Johnson has claimed the scenes were cut in favor of a PG-13 rating. When given the job directing Ghost Rider, Johnson has been stated saying, “He won't make the same mistake again.”
The following scenes were deleted that were featured in the PG-13 cut of the film:

The confession booth scenes between Father Steven and Matt Murdock.
The love scene between Elektra and Matt Murdock (Ironically, some critics had praised the realism of this scene, in which Matt would follow his desire rather than vacuously fighting crime).
The scene where Elektra and Matt walk through New York and briefly discuss their origins
The look on Elektra's face when Bullseye stabs her.
The scene where Matt is told by Urich how Elektra is a target of the Kingpin, it is replaced with him learning this from a corrupt cop.
The following additions were made:

More scenes involving The Kingpin at his most vicious, at one point killing two of his own bodyguards by breaking their necks in his office.
The final confrontation between Daredevil and The Kingpin is longer and more brutal.
The fight between Elektra and Bullsye is longer and ends with Bullseye giving her a kiss before he throws her onto the roof of the adjacent building.
The first scene where Matt and Foggy talk in the coffee shop is longer.
After the murder of Elektra's father, there is a scene where Foggy is struggling to defend Dante Jackson in court without Matt's help. This scene leads into the reveal that he is at Nachios' funeral.
The fight scene in the playground with Matt and Elektra is longer, and ends with Elektra's bodyguard picking her up.
The scene in the bar where Daredevil takes out the bikers is longer and more violent.
The subplot involving the character of Daunte Jackson, played by Coolio, who is accused of a murder is reintroduced in its entirety with Matt Murdock and Foggy Nelson defending him.
Matt interrogating a corrupt police officer, played by Jude Ciccolella, by smashing his car in a parking lot.
Matt and Foggy break into the apartment of Lisa Tazio, the murder victim in the Daunte Jackson trial and finding a clue, “8-9 WOW” (initially read as “6-8 MOM”).
A late night scene where Foggy is working at the office trying to figure out the clue found in Lisa Tazio's apartment in which Karen Page figures out by flipping the paper upside down and Foggy realizing that the WOW, are the intitals for The Kingpin's assistant, Wesley Owen Welch.
An exchange during the Nachios' party where Foggy and Wesley have a verbal exchange that ends by Foggy saying “What a dick!”
The scene where Bullseye demands his own costume is restored to “I want a fucking costume” as opposed to the theaterical version where he says “I want a bloody costume.”
A flashback scene where young Matt is seen with his adopted mother that was featured in the comic books.
A scene where Matt is in church and his surrogate mother is watching him in the back of the church as he talks to Father Steven.
The introduction of Bullseye arriving at the airport and going through a metal detector.
The scene where Matt returns from his battle in the opening of the film, he is seen in his apartment pouring epsom salts into the water of his coffin. As he is about to lay down, he hears noises and sounds from the outside world as far as seeing a woman crawling on the floor and ends by him laying down inside the coffin and the top sealing.
The scene in the morgue with Ben Urich and Kirby is longer in which Foggy ends up calling him on his cell phone and telling him about who murdered his informant from the clue that Matt had found in the murder victim's apartment.
More scenes between Matt and Ben discussing some personal issues.
Near the closing of the film, both Fisk and Wesley are seen locked in their cells, while a badly injured Bullseye is rebuilt in the prison's hospital. It is obvious the character in question is Bullseye since there is a fly buzzing around the room annoying the man in the body cast. Using his good fingers, Bullseye throws a syringe at the fly, impailing it on the wall. The scene with Bullseye was in the original release, however, it played midway through the closing credits as opposed to before the film's end.
During the finale, Daunte Jackson celebrates his acquittal by hugging Foggy on the steps of the courthoust as Matt looks on and the scene shifts with Matt walking by the church where he sees Father Steven after the afternoon mass had ended.
This is the only modern Marvel Comics film (Not including the Elektra spinoff) to not have a sequel released or anounced as the Blade, X-Men, Spider-Man, Hulk and Fantastic Four movies have all had sequels announced and/or released.

The DC is 30 minutes longer than the original cut, of which the new footage ranges from a whole new big subplot, and little things, that actually have more impact and and make the movie more understandable and better than you might imagine. The action scenes are way better also. The DC makes the movie into what it should've been in the first place before the studio screwed with it. I can't believe how much the studio hacked this movie up for theater..it is quite ridiculous. But now with the movie restored to it's original vision, i can fully enjoy it without the thought of something missing from it… Theatrical version- 5.5 Director's cut version- 9.5