I doubt it since All the Anime is a UK licenser and it shows the format as being PAL so this will probably be Region B. But we won't know 100% until they say so or it's released. It's also rare for anime to be region free especially with exclusives.
That's too bad. I was really hoping this might end up being region free (there is still a slim chance but, it's very slim). Being listed as pal had me thinking it probably wouldn't be (since pal and ntsc refers to dvd, not blu-ray, I figured by pal it meant it's region locked but, I was hoping that maybe I was wrong). But if you happen to hear that it's actually going to be region-free, please let me know, I would really appreciate it (this, along with the original Evangelion series, Paranoia Agent, and Batman: The Animated Series are the animated shows I would most like to see show up on region a, or region-free blu-rays).
Blu-ray.com shows this as a Region B but untested, I'll probably get it when it's released and I have a Region Free Blu Ray player so I can play all blu rays and dvds. I'll update you if it works, you are Region A Prophet?
Ignore my previous post, Anime Limited has confirmed on their Facebook fan page that this release will be Region B locked :'( https://www.facebook.com/alltheanime/posts/425696340858939?comment_id=2497636&reply_comment_id=2499157&total_comments=2
Do like I did and just get a fairly inexpensive Blu-ray drive. Through Newegg, I got an Asus external BD burner for under $100 with discount and mail-in rebate which came with BD playback software (PowerDVD) that I set to Region B (though there exists software to bypass region restrictions). Hooked my PC to my TV with a long HDMI cable and it plays great. There are cheap region-free players as well, but they're kinda cheap in other ways than price so you might wanna get one of the pricier ones. 220 Electronics is said to be a good source.
I wasn't gonna miss out on having "Cowboy Bebop" in HD as soon as possible. :D
Now hopefully Anime Limited will also port over Bandai's "Macross Plus" BD set but add English subs for the OVA and the English dub for the movie.
You can still order Blu-rays no matter where you are, I am in the US as well and I am not waiting around to get Cowboy Bebop in HD!! Bandai owns the license in the US and they are no longer in business here so it will be awhile before we see any blu-rays of their titles in the States, which really sucks!! All region standalone blu-ray players (that hook up to your HDTV directly and not a computer) are for sale on Ebay that are already programmed or you can get a blu-ray player that is unlockable and find the unlock codes by searching on the internet (unless you've done this before I wouldn't recommend it, get a player that's already unlocked because some players will not be unlockable). I used to have an all region DVD player so I could buy DVDs from anywhere, its the same idea. Just make sure that if you buy a blu ray player on Ebay that it says in the description that it will play "ABC" blu-rays. "ABC" refers to all the regions of blu-ray, while the numbers 1-7 refer only to dvd region codes. You want to make sure you get a player that is unlocked for blu-rays and not just for dvds. And make sure you get a good brand like Sony, Toshiba, Samsung, etc. I got a Sony just because they invented the Bluray format and their players should never have any issues with new encryption methods, but any well-known brand should be fine. Any HDTV should be able to play PAL also. In this day and age, as long as you have internet you should never have to be restricted to just buying "all region" discs. Hope this helps!
One of the benefits of Blu-Ray Discs (and HD content in general) is that that distinction no longer exists. PAL and NTSC have been eliminated thanks to standard resolutions (720p, 1080i and 1080p). Even if they have extras in SD it most likely be upconverted automatically.
Unfortunately if there's standard definition PAL content on a Blu-ray, US players won't be able to play it. Whenever an SD extra is selected on some of my UK discs, I just get a black screen and the disc goes back to the menu because the extras are actual 576i/p 50Hz.
Some Blu-rays render the SD-sourced extras at 720p 60Hz, though, in which case there'd be no playback issues regardless if your TV or BD player can handle a PAL signal.
If a European Blu-ray has 1080i 50Hz video, though...US users are screwed.
Funimation has announced that they've acquired the rights to Cowboy Bebop and will release it on Blu-Ray in the U.S. http://www.funimation.com/lee/blog/multiple-announcements-from-funimation-at-otakon/7833798