Wonderful news. Has there even been a subtitled DVD release before? There's so much classic anime that deserves new state of the art presentations and/or English localisations, and that really belong with the art house labels as opposed to the anime distributors (who are often inept in the extreme at bringing titles to home video) that I hope this is the beginning of many such releases, and for other labels to follow in Cinelicious's footsteps.
I agree, too many of the anime distributors in the U.S. are more about the latest trends than quality control. I think out of all of them, Discotek is currently the best at re-releasing classic anime films, but most of their stuff is still DVD-only. I'd love for somebody to restore and release Angel's Egg someday.