A friend tipped me to this, from Ain't It Cool News, http://www.aintitcool.com/display.cgi?id=23963 so I'll pass it along for what it's worth.
Big Ed from Texas with a reiteration of the B5 news; this message states A TITLE!
J. Michael Straczynski announced a new Babylon 5 project.
It's called Babylon 5: The Lost Tales
It will be a direct to dvd collection of 20 minutes stories set in the b5 universe that will feature the prominent characters.
These stories will expand on the characters that were previously established. The only character he mentioned would not be covered would be G'Kar since he believes no one should ever voice G'Kar except for Andreas Katsulas, who passed away earlier this year.
Warner Bros has greenlit the project and he says production starts this September, hoping for a DVD release in the second quarter of next year.