This edition includes the original BioShock, BioShock 2, and add-on content for both games.
For BioShock, this edition includes the Plasmid Pack and Challenge Rooms (which was a PS3 exclusive, now available as well for the Xbox 360 version.) In addition, a new add-on for BioShock, "Museum of Orphaned Concepts," showcases early concept art and ideas that were removed or never added to the final version of the game.
For BioShock 2, the Ultimate Rapture Edition will also include the Sinclair Solutions Tester Pack, Rapture Metro Pack, Kill 'em Kindly, The Protector Trials and Minerva's Den DLC, which come with related achievements/trophies.
This edition also comes with a collectible Columbia Sticker pack, inspired by the then-upcoming game.