Yep,I watched the film a few weeks ago.It was to get a dvd release last year in the U.S. but the company releasing it didn't own the rights and MGM swiftly put a stop to it.It was shown on MGM-HD in november so a good widescreen print is out there.Hopefully we might see it get a release at Halloween (MGM have relesed some great titles over the last few years in October), so fingers crossed.Here's a Myspace page about the film too ( same guy I think) with some mock dvd covers to give people an idea of how cool it would look (click on the dvd cover the top of the page).
http://www.myspace.com/thevideodeadondvd