Absolutely not. The Japanese get the glitches because they get the game first. There's a gap between the Japanese and North American releases, the developers get a chance to hunt down more glitches, and the result is a less glitchy game for us.
If anything, WE get the better version. The North American versions are always more solid and reliable, and we usually turn to cheat devices like GameShark or Action Replay anyway, which is (usually) a safer option than relying on in-game glitches that no one intended to be there. As long as you use a cheat device and rely upon official codes, you're basically guaranteed that your game will survive the ordeal. Glitches, no so much.