To be honest this movement, for me, wasn't off the cards. We've spoke here about how "relatively" cheap the box sets are for all they contain. I don't know the benefit margin for these boxsets, but I don't thing it would be that big. Enough to justify the production of it, I suppose. So I guess that's why, if you really want everything on vinyl (which seems the most desirable format nowadays), you REALLY have to pay for it. Which means buying the regular box set, the vinyl only edition, and now this. For me, that's the REAL price for having everything.
Overpriced? Maybe, but let's face it, manufacturing vinyls is way more expensive than CDs, so Warner has to scrap money everywhere to make profit. There's a lot of LP fans around the world, but hardcore fans like the ones who dwell in this forum? Perhaps 20% of the entire fanbase.
At last, I don't thing the band itself has anything to do with this release. They'll probably have the standard contract: Band retains the right to the songs, but Warner owns the master recordings. They'll receive royalties for this product, but its the label who has the last word when it comes to release something.
PS: I'm a CD guy, so my only "concern" is to have someday the Nottingham and the full LIT shows on that shiny little format.