The second picture.

No! Don't cut it! You have a very healthy looking offset growing out. I am wishing my Francessi had one like that. I would just enjoy watching and seeing what it does.

It will form a crown and start out another plant. It will send down roots and if you have a pot full of soil under it, it will send down it's roots into the new pot. Then If you wish, you can cut and make two plants.
Stush