I'm very happy about the news. This is what we've been waiting for. I will be buying all three (probably both PAL and NTSC) on opening day.
I'm a little sad to see that a lot of people are sceptical about the forthcoming release and are already criticising it. The worst case scenario is that it will be made from the 1993 SD video masters. If so, that will still be better than anything we have now (not going through the LD - PC stages). But my guess is that LFL wouldn't release that on quality grounds and there seem to be some indications they may be using a higher quality source - if so, all the better.
As far as the motivation for the release is concerned, I'm with Zion - who cares? My guess is that OT fans within LFL have been petitioning George (and possibly Fox) to do this all along. Thanks in part to this site, they knew there was money to be made and that was the leverage that made it possible. George would never release them on their own, or permanently (for fear they'd outsell the SE) - so the limited release with the 2004 set makes sense and is a more than acceptable compromise to get the OT on DVD. Just think of the '04 disc as the bonus disc. We should all be thanking Jim Ward right now.
As far as this site is concerned, there is obviously a future for it as there are many of us who want it to continue - and Jay's new direction seems eminently sensible. I think Jay and everyone who was involved in the LD preservation projects should feel proud of themselves for having played a significant part in prompting this release - none of that time and energy was wasted.