The BD release is set for Sep 23, 2008. Supposedly, Coppola is personally involved in the restoration and remastering for high definition, so maybe it will be a significant improvement over the DVD release, which wasn't as good as it could've been. I've been impressed by the Blade Runner and Dirty Harry BD collections from Warner, and if Paramount can give The Godfather the same treatment, it'll be worth rebuying the trilogy (hopefully, for the last time).

Speaking of Warner, I'm still waiting for a BD release date for Forbidden Planet (it's still listed as "pending"). I don't know what's taking Warner so long, considering they've already remastered it for the HD-DVD release on November 14, 2006.