Alejandro Jodorowsky is my favorite director. I've watched crappy prints of The Holy Mountain for years. It's recently been rereleased, remastered, and released with remastered copies of several other of his films (El Topo, Fando y Lis, and La Cravate (basically a filmed mime routine). I just bought and watched the whole series.
This version of The Holy Mountain is a revelation to fans of the film (as is El Topo) and should be watched by anyone interested in an individual's spiritual quest documented in film.
It even has a soundtrack of Jodorowsky talking you through the film's creation (in Espanol but English subtites are available). My single favorite movie - but it's definitely not for everyone. Anyone else like or hate it?