The official TMNT website has updated today, with some unexpected news. Leonardo, Michelangelo, Donatello, and Raphael are being re-issued in new packaging. It appears to be a tie-in with the upcoming premiere of the New Toon on Cartoon Network. Each figure will come with a 'DVD Single' of one episode of the new series. To be honest, I'm not a huge fan of these types of reissues. But it will be good for the new collectors that have missed the first versions of the turtles. So far here is the line up and links.
Leonardo w/ "Garbageman"
Michelangelo w/ "Darkness on the Edge of Town"
Donatello w/ "Garbageman"
Raphael w/ "Darkness on the Edge of Town"
Hopefully the final versions will feature four different episodes. It is likely these are just mockups, as the DVD slipcase for Donny's is blue instead of purple and Mikey's is red instead of Orange. After all, it makes little sense to issue the same two episodes twice. So that is likely the case. Either way, it's good for you variation collectors. And it's good for those new collectors that missed the Wave 1 TMNT figures.
[Thanks to Phoenix Fire for the news]