Great news. Also great that the episodes are being spread over a generous six discs. That'll do away with the compression issues found on the ULTRA SEVEN and (to a lesser extent) JOHNNY SOKKO sets.
HOWEVER - As much as I trust Mr. Ragone and his sources (as I always have), it's curious to observe Shout! telling everyone on Twitter who has been inquiring that they will be releasing the COLOUR episodes:
Could just be a case of muddling their early specifications.
In my ideal world, the spread of six discs would mean both versions of each episode, but if it has to be one or the other, black and white please.
Time will tell, I suppose!