I have seen several productions of POTO (granted, I haven't yet seen the 25th Anniversary version); but I still believe that the finest production around is the Las Vegas PHANTOM at The Venetian. Unfortunately, that production will close on September 2. I must admit that having the WSMA playing the Phantom may have colored by opinion slightly. Still, the fact that the show was trimmed to a 92 minute running time (with no intermission) by ALW, himself, helped eliminate a lot of the problems i have always had with the show. Too many verses of too many songs! "Masquerade" must have 20 verses during the normal show, but it moves very swiftly in the Las Vegas version. I am hoping I can go back and see PHANTOM in Las Vegas one last time before it closes.