I STILL NEED TO FINISH FLCL
As I understand, this is less of a capitulation on Gainax losing the license for the show and more of a passion project by the Toonami folks, the original creator, and some others. And a former Gainax key animator is involved too. At the very least it won't be shit, but fair assumption it won't be as special as the original.
Late 2017 / Early 2018 Hype.