Maybe it will. With Criterion's new relationship with WB, anything is possible. Maybe they will include all three cuts of the film (1978 theatrical, 2000 restoration, and 1981 188-minute TV versions), as some fans are hoping I am sure.
Criterion is usually full of surprises, but what exactly would they have to offer over the existing Warner releases besides the TV cut?
It just seems like a waste of resources on Criterion's part unless they have something to offer over the existing editions. I can't imagine how they could top a release that already has 4-5 hours of supplements, commentaries, and multiple cuts. At least releases like Pan's Labyrinth, The New World, and Being There had plenty of new supplements and new transfers/remasters to justify their existence.