If this is legit (not him simply making vague promises to do experimental movies like he he's done for the past 25 years) then good on him. Stepping back into the young guy who wanted to do avant garde stuff with a camera a few setttings would be quite a fun throwback for him to enjoy, and Lucasfilm not having him as such a strong influence can do a world of good.
Granted I still don't think the original films will be released until George passes away, but still the idea of Lucasfilm being in newer hands leaves me with some optimism.