I liked the movie, but TBS totally mucked it up. I only watched 5 minutes or so of the TBS version(the part when the blonde chick falls in the water and eaten by the shark), but I'm watching it, the chick falls into the water, the dude tries to reach her, she submerges, then you see faces of dismay. WTF? TBS totally cutout the scene where she comes back out of the water seemingly going to escape, then you see that she is halfway in the sharks mouth and basically toast.
If the TBS version is all you've seen, go rent the DVD!