I'll be buying this game in the first few days and my big concern is the long ass cutscenes.

I for one, don't care for cutscenes. If i can't skip them i probably won't play the game, simple as that.

The solution is obvious.  Change the TV channel, turn on your Wii, play Wii for 2 hours, switch back to PS3.  Presto, you've just skipped the cutscene.

Even better, you don't really even need that last step. 

Edit:  Oh wait, you don't have a Wii.  How sad. 

Yes you can but you are not playing MGS if you skip those cutscenes...Or you really don't want to know anything about the story...

You can

And you can also pause them.

 Yes. It was done by Kojima during the Sony Game Day event and confirmed in the game.

Though buying this and skipping the story sounds about the biggest waste of 60 dollars Ive heard of. 

fisrt play-through watch them,,,the second time just skip them (for unlocking new weapons)

why would you not want to watch the cut-scenes

Aren't the cutscenes about half (or more) of MGS games? They're almost more movies than they are games. I don't mean to be dissing them, because I enjoyed watching the MGS games on youtube. =P In fact I plan on buying Twin Snakes for the GC, I never even knew about it until now.

It does seem like you'll be missing out on A LOT if you skip the cutscenes. That's like only watching the cutscenes of Mario games and skipping the gameplay time. =P

Cut scenes tell the story. Watch them first time round. Skip them on next play through.

 Really!? That would be a lifesaver.  I can't believe how many times I've been stuck watching MGS cut-scene and have to go to the bathroom.  Pure agony :P