Another instance of a perfectly good HK film being unnecessarily hacked up, repackaged, reformatted, and retitled for American audiences. The entire run of the "Jet Li Collection" DVDs are just plain awful in terms of everything except image quality. Buena Vista (Disney/Mirmax) regularly cuts a considerable amount of footage out of the original movies, rescores them, and for some bizarre reason refuses to offer the option of subtitles, only a very cheesy English Dub. No widescreen option, either. I would recommend avoiding ALL foreign DVDs distributed by Buena Vista, because you are getting an incomplete, censored, altered, and improperly titled version of the film by a company just trying to milk a hot trend for quick cash.
In the particular case of this movie, 10 minutes have been cut all together, which you can see clearly by comparing the technical specs here with those of the imported "Swordsman II" DVD (which, incidentally, is the *actual* title of this movie.)
The import versions of these movies sometimes have their own failings -- mediocre image quality and/or clumsy subtitling are the most common problems -- but if you want to see the *real* versions of these movies, I suggest you avoid Buena Vista's releases at all costs, until they start releasing the films as they were intended to be seen.