Okay, now that I've seen the unrated version, I like it more than when I hated it before because I knew hat to expect. Knowing that its not the great final film, and far below "Blade II", I appreciated it as the somewhat similar to "Blade" film it is.
Now, the endigs infuriate me. Its like two halves of a decent ending, spread over two cuts. The theatrical, IIRC has Drake saying "Let me do this favor for you", then he morphs into Blade and its him who is on the morgue table at the end. Blade then is free, out and about.
The unrated cut has Drake say that same line, then we get Blade waking up on the morgue table and beating up cops. We then get a decent line from Reynolds about how the virus didn't kill him, just put him in hibernation till he can one day walk the earth again. I like the line, but if he just woke up its sort of climactic.
The better ending would be the original visuals, including Drake in the morgue. But instead of showing Blade riding away, have the Reynolds line about sleeping, and show him buried away somewhere. Perfectly sets up a 4th film (that will now never happen), but worse case scenario, still at least gives us some open-ended possibilities to imagine for ourselves.