I don't see requests for this show too often, unfortunately, so I don't see much hope for its release. Its one of the very few sci-fi/fantasy TV shows that were designed for a largely female audience. I'd love to see it on DVD, as I watched it regularly as a kid. I can't think of a better time for its release than now, as Ron Perlman has found some well-deserved cinema success with Hellboy.
I believe Republic Pictures produced the show. I know they released several episodes on VHS and LD in the early 90's on their own label. I believe most of Republic's properties are now handled by Lion's Gate/Artisan.
This is a show that Anchor Bay would serve well on DVD, if they were to get the rights.