From The Digital Bits:
"In announcement news today, Paramount and CBS have officially set Star Trek: The Next Generation – Season Three and Star Trek: The Next Generation – The Best of Both Worlds for Blu-ray release here in the U.S. on 4/30. That same day, Paramount will also re-release Star Trek: The Motion Picture, Star Trek III: The Search for Spock, Star Trek V: The Final Frontier, Star Trek: Generations, Star Trek: Insurrection and Star Trek: Nemesis on Blu-ray as singles (Star Trek II and IV aren’t yet listed on the site). Here’s the kicker though – Paramount’s press site claims
that Star Trek: The Motion Picture will be the “newly restored Director’s Cut.” Frankly, this seem way
too good to be true so we’d suggest you not get too excited. Rest assured, we’re trying to confirm this one way or another. We’ve asked if any of the other films will feature newly-remastered transfers as well."
If this is true, it certainly came out of nowhere. It will be interesting to see what becomes of this release. Hopefully the others are just re-releases so that we don't have to rebuy the films again. Something else that would be nice for TMP is all of the deleted material in HD.