UPDATE: This thread at Home Theater Forum is doing ongoing discussion of the cut-episode issue, and they just had a post by someone who discovered that at least two of the shorter episodes have running times identical to the original broadcast versions. So it's possible that Lion's Gate may not, in fact, have used syndicated versions in releasing the first two seasons of Moonlighting on DVD. If that turns out to be the case, I won't apologize for assuming they did, since the same company has used syndication prints in the past, and since this review from a reliable source indicated that some of the episodes might be cut prints, but it will certainly be good news to those buying the set.
I'm still undecided on whether to pick up Moonlighting; it's the kind of show I like, but there's something a little off-putting about the smug self-satisfied tone it can sometimes have, like everybody thinks it's so wonderful and liberating to be able to talk to the camera. I like it in spite of that, but I do think the first season of Remington Steele, which Moonlighting creator Glenn Caron wrote for, did the same comedy-mystery-romance thing with better stars and less cutesiness.