Hmm, thought everyone knew this already.
The Digital Bits reported this back in October.
The Digital Bits had this to say in their Rumor Mill section about Young Indy Jones: "...we have official confirmation from Lucasfilm's Jim Ward, via the Indy DVD event we attended on Saturday, that The Young Indiana Jones Chronicles TV series is currently in production for DVD release. There's no street date yet, but late 2004 is certainly possible. While we join them in hoping that these DVDs hit this year, we must remind everyone that Rick McCallum, a major Lucasfilm honcho if there ever was one, stated almost exactly a year ago that this set "won't be ready for 3 or 4 years". That puts it square in the range of 2005-2006, folks. But at least Mr. Ward confirms it is still in-the-works, and we thank him for that. And we thank Bill and all the guys at The Digital Bits for the info."
... and from The Indy Experience:
Just posted another update from Celebration III, which is now on it's third day. As promised, George Lucas was on the scene to talk with fans and during one of the press conferences, Lucas himself confirmed that work has begun on the Young Indiana Jones DVDs! Lucas stated that the studio had given them some grief in the past about the films, but production on the Young Indy DVD is still moving forward. In keeping with Lucas' crusade for education, Lucasfilm has also been hard at work on creating around 100 new documentaries on the film's characters and the historical figures Indy encounters through his adventures.
I guess a date just needs to be confirmed. But sometime early 2006 it´ll most it likely be released.