Actually, quite a lot is missing from the standard cut episodes. I am pretty sure that they will release the extended cut blu rays next year after milking the fan base making people to buy the same thing twice... old tactics...
You get the original broadcast version -- that is, what was presented during the original airing from NBC's Thursday night "must see TV" line-up. When TV shows go into syndication, the common practice is to edit them to be shorter so that there is more time for commercials. So if you're used to watching the syndicated re-runs every night of the week, this set will give you the original broadcast versions.
In the production of a TV series, each episode needs to be about the same exact length (for a half hour time slot, the program itself needs to be roughly, let's say, 23 minutes -- the rest of the time is for commercials). Suppose your writers wrote an episode and after you filmed it, you only had a 20 minute show. It would be a lot of work to have your writers come up with 3 more minutes of material, film it and integrate it into the previously completed 20 minutes. No, the easier way to work is to make sure you end up with more than the required 23 minutes and then cut it down to fit -- the studio audience didn't find this joke all that funny so let's cut it, we don't need this reaction shot so let's cut it, etc. Of course, it's not always the case that everything cut out wasn't worth keeping. Sometimes good lines are cut simply because something needed to be cut and their removal least disturbed the continuity.
Well now, when the series was gradually released on DVD, somebody thought, "let's be nice to the fans and extend the episodes by adding in some of these deleted parts." Then the blu-ray set finally comes out and it is revealed that the set contains only the original broadcast versions rather than the extended versions that were made available on dvd (however the blu-ray set also has some new special features that weren't on dvd). Fans who previously bought the dvd sets are understandably miffed. They would like to upgrade to the superior quality offered by the blu-ray format, but don't want to fork out the cash only to revert back to the original broadcast versions after being accustomed to the extended versions.
I understand how you feel. However for me, the first and only time I ever watched Friends was from the DVD season sets which were extended. I was stationed in Germany and as they were released on DVD, I bought and watched them. I've never seen the cut broadcast versions.
That's why this Blu-Ray set upsets me, because it's not the way I watched and remember it.
I'm the same. I've seen both the Extended (saw them on DVD first years ago when they were first being released in 1994) and original Broadcast episodes and the episodes just do not have the same feel. It's such a difference and they have cut out SO much from the episodes just because the Networks can show more commercials. It's ridiculous. Amazing how programs can get butchered for the sake of commercials.
I was waiting for the Blu-ray release of Friends for a while and was glad when it was finally released. Was glad, that is, until I found out that it's the original Broadcast episodes, so unless the Extended episodes get released onto Blu-ray I'll be getting the DVD White Boxset.