My faithful Google Alert sent me a link to a post on this blog by a retired priest in the UK. Included as part of this post about Cardinal Hoyos and the status of the SSPX is this little nugget:
Cardinal Levada the Holy Father's head of the Doctrine office has indicated he wants "new and authoritative translations of major council documents"
This is the first I have heard of this, and a quick Google search turned up no mention of it anywhere. I don't have the time or resources to investigate (I'm posting this during a 10 minute class break), but it sure seems like it would be worth looking into!
So I would hope that someone will read this and look into this possibility, because it is very very exciting to me, and I'm sure many others.