I've been torn about which one I should pre-order. I love Dark Souls and would gladly fork up the extra money for the collector's edition, but it honestly doesn't seem very worth it for what you get. Interested to know what the community thinks. Link to collector's edition: http://www.gamestop.com/xbox-360/games/dark-souls-ii-collectors-edition/112003
The Black Armor edition is just the metal case and the soundtrack.