I've compared the PDTV and the DVD Uncut versions of Ep. 1 and there are some noticable differences, like Jackman's wife asking him "do you fancy a fuck?" or a short exchange between Benjamin and Christopher about silent Doctor Jekyll movies and few more here and there, mostly one-liners, missing. Overall the uncut episode has more flow to it and gives a little better insight into the series workings, but there is no gore (or guts or entrails or eyes on the floor for that matter any gray matter being splattered against the wall) missing whatsoever (and of course, it's not a very gory series anyway
).
And yes, it definately looks like an excercise in trimming every episode down to the same run time (probably to squeeze more commercials into an hour), kind of like a certain very lame cut VHS edition of Conan the Barbarian which certain very naive Simon once bought