http://au.xbox360.ign.com/articles/869/869828p1.html^ Brief article about the cuts from the AU version.
We went out at 12 last night and picked it up from EB at Chadstone. They price matched Big W's price (the shop, not John

) of $78, so we were wrapped.
Played for a few hours last night (I'm feeling it this morning) and yeah, it's awesome.
Still as violent as ever, bodies go flying when you run people over, blood sprays, etc. Nothing that I have seen so far looks toned down at all - I tried picking up some hookers, but they wouldn't talk to me. I will find out tonight however.
http://www.youtube.com/watch?v=a87gENoMhTQShows you what the hookers are all about. Sounds interesting for about 10 seconds, really. Amusement factor only.
I still have the US version on pre-order from play-asia, and have until Friday to decide wether or not to cancel it. I don't like the idea of having a game that has been cut at all, but so far I can't see anything obvious missing.
BTW, the guys that are waiting for the PC version - I wouldn't hold your breath. Nothing has been confirmed by Rockstar yet about them even making a PC version. I suspect they will, but it could be a while.
If it's cos you don't have a PS3, then fair enough. But you should buy one. Everyone should. PS3 rocks.