Forget the American live action movie… this is perhaps the biggest news to hit since Dragon Ball GT ended in Japan back in 1997! We have heard rumblings since last month, but now that Jump confirms it, I think we all feel a little more comfortable sharing the information (due to it being so strange-yet-incredible). Another big thanks to kei17 over in Japan for the Jump scan and translation/information:

To break it all down:

• The Dragon Ball Z TV series is receiving an extensive “refresh” for Japanese television airing
• This is a celebration of the 20th anniversary of DBZ
• While based on the original animation production, it is being updated with new technology
• This includes extending the frames for formatting on an HD 16:9 display (note: not cropping the image)
• The original Japanese cast is re-grouping to re-voice the show (where available, and unfortunately not including those that have passed on, such as Hirotaka Suzuoki [Tenshinhan])
• Sound effects are being updated
• Unlike the general show, the OPs and EDs are being completely redone
• While not in the above announcement, other (unsourced) reports are noting that the number of episodes is being reduced from 291 to approximately 100
• This begins 05 April 2009 @ 9 am

This is huge. Expect additional clarification over the coming days, and a podcast dedicated to this sole topic this weekend.