PlayStation Blog reports. There's also a new front-end menu and UI with Move support.
To celebrate the (re)launch, Sony's making the Heavy Rain Crime Scene Dynamic Theme available on PSN the same day. We're sure that'll fill the void in your heart left by the child you lost at the mall that one time.
[Update: This post originally said the Director's Cut included the game's deleted scenes, which ... well, it doesn't. We apologize for the mistake, please don't drown us.]
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