Well, lookie here (
www.dvdsavant.com):
From a VCI rep:
"Hi Glenn, we are still working out all the details on the Gorgo release. However I can tell you that we will be making a new HD 1080P transfer from either the 35mm negative, or master positive, which we recently obtained after their discovery in a salt mine storage vault in Kansas. It should be gorgeous and hopefully the DEFINITIVE release. We are shooting for a pre-Halloween street date and it will include quite a bit of bonus material, which of course we are still working on. I don't mind at all if you want to give it an early mention in your column, and I will try to feed you more details as they become known."
Let's hope that they don't process it into mush like their "Santa Claus" Blu-ray...