Do i hate them? No.
As for collecting them... maybe. lol
It depends if there's a change in the game itself. Some of them are no different other then a different box or Label variant.
While others have new changes to the game. Some examples are...
- Resident Evil Director's Cut (PS1) - They added use of the Dual Shock controller.
- The Legend of Zelda: Ocarina of Time (N64) - Fixed many bugs from the original.
- Virtual Fighter 4 Evolution (PS2) - added new fighters
- Marvel Ultimate Alliance (PS2) - Added a bonus disc of extra content
There's many on the PS3/XB360 known as Game of the Year Editions that added DLC content and fixed bugs.
I always hold on to these when I come across them.
These are just the few off the top of my head, I'm sure there's more I can't think of or there's one's I may not know about.
If anyone knows anymore to add to this list, please tell me so I can hold on to them.
Most of the time I don't pick up every Greatest Hits or Players Choice because I'm not a huge label variant collector unless its something like say Metroid Gray label & Metroid Yellow label just because they look so different. But I have been holding on to SNES and N64 Player's choice carts when I happen to find one out garage salin just because. lol
I also hold on to the PS1 Greatest Hits that the black label only existed as a large box.
But with most PS1, PS2, Gamecube, etc I just sell or trade them off to get something I'd rather have.