(Thanks to Luis T. on PMS for bringing this to my attention)
As posted to Steven Wilson's webpage on 17 March:
"King Crimson's label DGM have announced that they will start to release Steven's 5.1 surround sound mixes of the King Crimson back catalogue in June, with "Lizard" and "Red", followed by a special 40th anniversary edition of "In the Court of the Crimson King" in October. Where appropriate new stereo mixes and out-takes / alternates have also been mixed, although we don't know yet if DGM will approve these for release as part of the new editions."
Steven did the surround mixes for the albums at his studios over the past not sure I remember how many months. Robert Fripp has had a good bit to say about this project in his diaries on DGM Live.
Certainly something interesting to look forward to.