What is the deal are they going to put different editions out or should everyone be running to the stores to pick up the remaining copies.....

Don't bother... I already bought them all.

Just released in Europe:

DVD Description
A six-disc box set, including five films and one disc of extra features:

The Pink Panther
A Shot in the Dark
The Pink Panther Strikes Again
Revenge of the Pink Panther
Trail of the Pink Panther
Special Features

New Inside Pink Panther documentary
1978 special That’s Panthertainment
Behind the Feline: Cartoon Phenomenon
6 Pink Panther cartoons, including the Academy Award winning The Pink Phink
The Unknown Peter Sellers documentary
The Commercial Peter Sellers - "making of" documentary
Highly collectible 8-page booklet
Shots in the Dark photo gallery
Audio Commentary

If it's released over there, it's worth getting.

Is there any chance for the box set to be released region 1...?

Seeing as how 2004 is the 40th anniverary of the first film, I bet the US gets the box set next year.

Thats what I was thinking.......figuring all the films are going OOP and I was wondering if I should pick them up now or hold off for the box set...

Is this worth a blind buy? I've been on the fence about this since they came out, thinking they sounded like movies I would really enjoy, but I have never really seen them.