Don't lie. This is exactly what you remember Cowboy Bebop being like.
I know, big deal, so the fog-breathing demographic gets yet another PAL DVD release... but did I mention they've announced that it'll be a Blu-ray set? Caps of the JP BOX have already been trickling out of the ol' tubes, so it's not as if decent HD masters for the show don't already exist. There's apparently some funky aliasing issues that fans of EVANGELION, UTENA and NADESICO will be all too familiar with, but considering how crumby the DVDs for this show have looked since the late 90s, it's a frustration I'm willing to live with.
The only thing I can see preventing a Yank such as myself from rolling around in this thing like a huge pile of disc-based catnip is the overwhelming likelyhood that it'll be REGION B locked. (Or priced similar to the $300 JP set. Let's just hope it's Region B?) Like I've said before, if you aren't ordering a $100 Region Free player right frickin' now, you have no-one to blame but yourself when you don't have nice things on your shelf.