which is the best version?

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i have seen clips of this movie on "you tube" and i liked it so much that i ordered the dvd. i am now just a bit worried as to which version i have bought. i have the italian/english with english and spanish subtitles. i think i read somewhere that all the voices had been dubbed into english including those that spoke english originally. from what i could lip-read i thought that flavio was speaking english. can anybody correct me? and if that is the case i take it i won't be hearing his voice on the dvd. which would be a great shame.

i hear there is an italian version available. does that mean all the voices were dubbed into italian or is it the original voices with italian subtitles?