I posted about this a while back and I stick to my comment - why doesn't he just start making NEW music instead of re-working (ruining) his old classics and releasing cr@p live footage.
I love Lynch but this does sound about as dodgy as can be. I doubt if it will ever happen as his site (which I've visited for years) is about the worst for updates I've seen.
He apparently collapsed from dehydration just after a gig last week but god knows if that's the real reason.
Uli Roth is doing a similar thing -
http://www.sky-academy.com/BTW has anybody seen his bloody horrible new ESP signature V - I doubt I'll every see him play that one in anything other than an advert.
For a guy with all that talent he sure knows how to waste time.