I'm going to choose to believe the press release. I've seen Muppet WOZ sit on the shelves, gathering dusk... but TMS S1 flies off the shelves (allong with TMM and GMC). As much as I doubt Disney will make good on half of the promises, I still think they will release this. Disney is already announcing plans to release Darkwing Duck and The Tick (you see, they own the animated series because of the buyout of Fox Family), so they must have to make good.
I hope the delays mean no edits to the episodes due to greedy old guys who own the copywrites to songs just for the sake of owning them, like last time.
Besides... I don't mind waiting. I'm rediculously behind everything in DVD's... Don't even had 80's TMNT Vol 2 yet... or even Fraggle Rock... Or ALF. I'm really behind on ones I'd sell a kidney for.