Okay did some undercover research (no, I didn't buy it). The local release is identical to the R1 Volume One, which features materials from 1934 to 1936. Then for some reason, Magnavision decided to add four extras:
I'll Never Heil Again (1941)
Beer Barrel Polecats (1946)
Brideless Groom (1947) - this one in Public Domain (copyright expired)
Dopey Dicks (1950)
So while you get more than R1, if they decide to release additional volumes, then those four seems out of place chronologically, as the DVD case says. Think of it as bonus, maybe...
999 for two locally minted disc on a slipcase.
I'll probably wait for it to go on sale, the higher it is, the more it has to fall... My guess, is a year from now, this will be on sale for 1/3 of what it is now...