Here’s an update from him, and I quote
Basically, all the material is gathered up and awaiting its turn in my queue of crazy projects. I should be ready to start playing around with it soon. The good news is that once I do get started, I’m really not anticipating much of a lengthy gestation period. Of course, if some other fanboy geek over at originaltrilogy gets to it before I do, that’s cool too… but you can let them know I haven’t forgotten about it (in fact, the bluray and the old DVD box are sitting on a shelf two feet away from me along with the DVD for my other Blu-Ray project awaiting its turn, the long cut of Bedknobs and Broomsticks).