I have just received this on Blu-Ray (Which also includes a copy of the DVD in case you haven't upgraded yet) and it is wonderful. This is not a concert like the Les Miserables 10th anniversary, but the fully-staged production in its entirety. Ramin Karimloo and Sierra Boggess are enchanting as The Phantom and Christine and the rest of the cast excel in their roles in what is a beautifully staged and directed show. The designs are as gorgeous and sumptuous as they looked when the much-missed Maria Bjornson first designed them a quarter of a century ago. The lighting is atmospheric, the costumes and make-up sublime and the music as iconic, memorable and powerful as it has ever been.
To cap it off, after the curtain falls on the show, the legend that is Lord Andrew Lloyd-Webber makes a speech that pays tribute to all those who have made the production a success over the last 25 years. He is joined by the original cast on stage, including Michael Crawford and Sarah Brightman, the latter of whom then performs with four of the actors to have portrayed The Phantom (Alas, not Michael Crawford but he joins in with everyone else on stage for the final line of 'Music of the Night'). There is only one Special Feature on the DVD version at least which is a documentary about the making of the Royal Albert Hall show and features interviews with the original choreographer and make-up designer. I've yet to check if the Blu-Ray disc itself includes any extra Special Features, but even if it doesn't this is still excellent value for money and a definite must-have for anyone who loves the show or musicals in general.
I personally feel that The Phantom of the Opera is the single greatest piece of entertainment of all time in any medium. This is a fitting tribute to a genuine phenomenon and one that I will treasure. It truly is a masterpiece and what happened in 1986 was genuine magic that has quite clearly endured and will continue to do so forever.