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There may be some quid pro quo implied here.
My understanding of the legal situation is admittedly sketchy, but have been led to believe that the show itself is more in the domain of the producer Greenway (essentially Dozier- who also was the voice of the narration in the show) and Fox. Warner always retained rights certain other trademarked aspects of the characters (which I guess would mean things like chest logos, possibly certain design elements of costumes, names of characters, etc. Since Fox didn't have these, they couldn't very well release the DVDs (even without the scattered celebrity cameos as B&R are wall climbing).
If the certain likeness rights has now been resolved for Warner, It's a real good bet that Fox has now been granted some rights of it's own in regards to exploiting the show.
It also might be early enough that we could see a major boxed release in time for the Christmas season.

Ideally, this is something that Time-Life could do really well, as their Man From UNCLE and Six Million Dollar Man sets were both very impressive packages geared towards fans.
If that were the case though, there probably wouldn't be enough time to put together a very extensive extras package for a complete series set in time for Q4 '12.

By Q4 '13 though I expect we'll have something pretty damned awesome.

Warner has nothing to do with the show. Warner own(ed) trademarks to character names and some other aspects- but the show is/was a Greenway (Dozier) production distributed by FOX
Any DVD release is likely to originate with Fox, not Warner. This has been one of the big sticking points since Fox would have had to pay Warner for certain basic rights (look again at the press release- Warner had rights to the animated opening on every episode).

This is why neither party (Warner or Fox)  has ever been able to fully exploit the merchandise potential of the show before- neither had the full rights necessary in either capacity.

The fact they do now implies that either Warner has come to an understanding with the rights holders (including Fox/Greenway) or else they have bought the property out entirely. The latter is less likely that the former- which means that Fox/Greenway have obviously gotten something just as potentially lucrative out of this deal. This could be a one time payment, or  profit sharing from merchandising to come, OR...it just might mean that both parites have reached a legal understanding (division of royalties) to exploit the basic aspects of the show that neither had full rights to before.

For any fans of the show that want a legit dvd set, this is a HUGE step forward.

But screw DVD. This is a show that cries out for a Blu-ray release as well.

One other thing- the more I think about it now, the more likely any exploitation is going to be done in conjunction. Warner is more likely to roll out product if they have some other big thing to piggy back on to. Since the merchandising is aimed at next year- that's when the show will more likely hit home video. Companies will be more likely to pay the money for  the license to produce something- if there is some associated push for increased awareness of it. The license for something like this will always have value- but it will have even more if there is a lot of fanfare attending an imminent first DVD release. Yet another reason they won't divulge any plans for that prematurely.