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Two great bits of news for any Phantasm Phans here:
1. None other than J.J. Abrams (who's a big phan and named Phasma in The Force Awakens after the series as a direct homage) is assisting with a 4K restoration of the first film (no word if he's also going to help do the same with the sequels, hopefully he does after the first is finished).
2. Ravager is said to finally see released sometime within the first or second quarter 2016.
2016 is looking to be the year to be a fan of the series.
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