I got the email from Burning Shed yesterday:
XTC - Oranges and Lemons is available for pre-order for an
October release

This is a favorite of mine because this is the album where I discovered them. Lot's of goodies in this package! I ordered it yesterday

I was very happy to see this because Andy Partridge thought the original tapes were trashed and a hi-rez remaster wasn't possible. Glad to see the wizards worked their magic!
* Looks like they gave up on DVD-Audio for this release - "Please note that
there will not be a CD/DVDA edition of this album."
Good article about the release:
http://www.slicingupeyeballs.com/2014/12/01/xtc-oranges-and-lemons-reissue/Product Description
The third release in the XTC Surround series, a new edition of the band’s classic 1989 album Oranges and Lemons.
The album has been mixed from the original studio masters by Steven Wilson with input from Andy Partridge, & is fully approved by XTC. The CD features a completely new stereo album mix, while the Blu-Ray features a wealth of content, continuing the “ virtual box set on a single disc” concept of the first 2 releases in the series.
– Oranges and Lemons 5.1 Surround mix in 24bit/96khz available in LPCM and DTS HD MA
– a new stereo album mix in 24bit/96khz LPCM audio
– instrumental versions of all new stereo mixes in 24bit/96khz LPCM audio
– a flat transfer of the original stereo album mix in 24bit/96khz LPCM audio
– 2 separate sets of demo & work tae sessions showing the evolution of the album & associated recordings
– 1 set of pre-recording rehearsals, promos & ID links for radio stations & record companies
– a collection of single mixes & XTC’s version of Captain Beefheart’s ‘Ella Guru’
– promo films for “The Mayor of Simpleton” (3 versions), “King for a Day” & “The Road to Oranges & Lemons” rarely seen home-made film by the band explaining the album (& themselves!) to Geffen Records USA.p
Presented in special packaging with expanded booklet & sleeve-notes by Andy Partridge, Colin Moulding & Dave Gregory.
Please note that there will not be a CD/DVDA edition of this album.
Cheers!
Slush