The following is from the japanesenewwave mailing list:

Mizoguchi. Naruse. Ozu. Imamura. 

When you hear these names you immediately think the history of Japanese cinema. Well, the Criterion Collection has spawned an offspring and it's name is Eclipse. The filmmakers above are just a few of the names mentioned to be represented in short series rumored from the new and exciting company. 

Officially announced over the weekend, the Eclipse branch of Criterion Collection his finally coming to fruition.

Here is how Eclipse is going to function:

Each month they will release 3 to 5 films focusing on particular director or theme 
While not pristine like that of Criterion, Eclipse will release the best print available 
There will be no supplement material 
They plan to keep the price of each disc under $15 
Release schedules and film titles have yet to be announced but it seems like first up out of the gate will be the early films of Ingmar Bergman.

Finally, the mission statement on the back cover will tentatively read as followed:

"Eclipse presents a selection of lost, forgotten, or overshadowed films in simple, affordable editions. Each series is a brief cinematheque retrospective for the adventurous home viewer."