the theatrical version works well for me as well even with its flaws.
That's pretty much the way I feel about it as well. Though it does indeed have its flaws, after waiting for so many years for a Star Trek movie to materialize in the late 70s, I felt it was what Trek should have always looked like. Or if you like, it was the best realization of Roddenberry's vision of Trek.
And I still think that Trumbull's FX are superb, even by 2011 standards.
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FRIEND!

This was always my fav Trek film, and wish modern Trek would be as good. This is the most Trekkian of the films, and the visuals are excellent today. And always good not to see yet another battle and explosion fest.