I'm really happy to get some sort of "official" word that this is on the way. I mean, I guess we all knew that we'd get it eventually, but it is nice to know that it is in the "not to distant future". I'm surprised it isn't bigger news on the Star Wars sites really. I don't know that I even saw it mentioned anywhere other than Yakface and maybe TFN, and I actually saw it at IGN first.
Anyways, I hope that rumor about Oct 2011 is untrue, it would be much nicer to get it this year. Then again, it wouldn't surprise me if Sansweet/Lucasfilm consider next year "soon". Although we know it won't work out this way, it would really be nice if they made this the end-all, be-all "ultimate" edition set of the entire Saga. I know it would be tough to please all the fans, as something would always be left out that someone liked, but it would be nice if they went ahead and included all the goodies the first time around. Wishful thinking. I wonder if we'll see anymore tinkering with the movies? I wouldn't be surprised to see the PT get a few things here and there, and honestly, I don't know if I'd mind as much as some of the OT SE changes. Replacing the Yoda puppet in TPM would be one I would support, never really liked how that looked.