I'm sure you've all heard that Warner was using the first Babylon 5 disc to test the waters before releasing the series on DVD. A post to rec.arts.sf.tv.babylon5.info from JMS, the show's creator, makes it sound like season one is slated to be released.
"Actually, I checked with WB, and they say they've finished conforming all but 3 season 1 eps for DVD, and are still intending to go ahead.
jms"