Being a huge film nerd/film major in college at the moment, I can say that this really means nothing.
My guess would be that the flick will get a limited theatrical release. Some major cities, for one or two weeks, then be released on DVD ala' the Runnin' Down A Dream documentary about Tom Petty and the Heartbreakers. This whole project actually sounds quite similar TBH, and if it's anywhere near as good, we're in for a real treat.

And thanks a lot for the review Marc. This is really sounded like everything I hoped it would be, as opposed to what I feared.