I own II, III, and IV on Blu-ray, but I never had them on DVD.
I have the first one(the R-rated version) on DVD, but I won't bother upgrading until Lion's Gate double-dips it with all the extras, a better transfer, and lossless audio.
I'm actually amazed they haven't bother revisiting that one yet. They've had opportunities every year when the next entry in the series hits theaters.
I'm also surprised they haven't re-released T2 on Blu-ray, but I bet they're waiting for the 4th movie as a tie-in.
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