Playthings.com has posted an article wrapping up last week's 2006 licensing show. In the article it states the following:
"Warner Bros. is also working on securing new licensees to re-launch the '80s animated series, The Thundercats. Warner Bros. has the classic as well as new licensee to develop product for children, including an updated Thundercats look and collectibles for early fans."
Stay tuned for more details on this as they become available for release, and thanks to mummra for the heads up on the Playthings.com article which can be read in full here.