So, the gang put up a Kickstarter and landed a cool 1/4 million for the endeavor.
It'll be streamed to theaters in August, assuming negotiations go smoothly. (I think they have enough green to make the deal.) They'll also be selling tickets to the live show in Chattanooga as well, if anyone can make it or be vigilant enough to obtain them. The extra dough sounds like they might get some additional celebrity riffers. Either way, this should be epic.
PS an excellent MST3K tumblr: http://fuckyeahmst3k.tumblr.com/