It makes sense to do a different cut for the radio/video cut of the song since its all the big artists and 5:30 is too long for a radio song to get play. The radio would just cut shit anyway, if it ever got played.
Then again, I guess that may have been a trade off he made to get clearance. To get that stubborn big name's label to sign off on the full song being on the album, he agreed to release a "single version" with just the big name features.
If he does do a video for WWC, I would like to see a "Single Version" and "Album/Extended Version" of the video.