I watched the 1992 restored version released by Welles daughter. I loved it. But I hope to see the original version one day and compare the two, Jonathan Rosenbaum wrote about how the new version is inferior to the original in so many ways. Still, highly recommended masterpiece that shows Welles talent for adapting Shakespeare's plays to the big screen.
This isn't exactly Shakespeare, but it may be the best film ever derived from his work: a disorienting, phantasmagoric staging of Othello sped up to such a pace (and done with such a grim, beautiful eye for chaos) that nearly every shot can send your mind reeling. The result is the only Shakespeare adaptation that runs the risk of giving you a panic attack.