I can only talk about the Region 2 version, but with the two disc version, the kick-ass subtitles are on the second disc. The whole movie, with the dripping, flaming, flying subs is on there as an extra. Stupido!
It's pretty much the coolest thing about the whole damn movie, so to bury it like that is dumb as fuck. I asked Fox about it when they released it over here, and it apparently had something to do with not enough memory to include both the russian, english and cool subbed version on one disc, as it's not just a layer of text like normal subtitles, but fully embedded and integrated into the action.
so, anyway, the short answer is, yes - there is a version out there that shows the film the way it should be.
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