According to this press release at Monkey House Games, Jeff Dee and Jack Herman have acquired the rights to their classic superhero RPG, Villains & Vigilantes, which will be released in a new edition ("version 2.1" -- how I hate the use of computer-ese) on June 27, 2010. The new edition will be sold through RPGNow, so I am assuming this means it will be a PDF product rather than a printed book. That disappoints me a little bit, but, on the other hand, any new edition of V&V from its creators is nevertheless a good thing.
I'd love to see more early RPGs re-released to a new generation and V&V is certainly one of the better games to come out within the first decade of the hobby. I plan on grabbing a copy of the new edition and will review it here once I do.