The Kiddy Grade site has been updated again.
If I understand this correctly, the original series has been cut down into three 80-90 minute episodes for theatrical release entitled "Ignition", "Maelstrom", and "Truth Dawn". This will be a Director's Cut verion with new footage. They will be shown at Theatre Shinjuku beween the 7th April and 20th April (my birthday), 23rd June and 6th July and the 1st the to 14th of September. Tickets are 1500 yen in advance or 1800 on the door. Full information at http://www.kiddygrade.com/movie/.
Kiddy Grade to Become a 3-Part Movie, Recieve a Sequel (Heisei Democracy)
Kiddy Grade Movies?! (Blogging Wit' KT)
Kiddy Grade Digest Movies (Anime News Network)
Kiddy Grade Movie Trilogy Announced (AnimeNation News)
Scattered Cels Podcast #7 - Haruhi is a Kiddy at 5 Centimeters a Second
new Kiddy Grade Movies announced (FUNimation Forums)
Kiddy Grade Trilogy (Animekon)
3 Part Kiddy Grade Film Announced (Anime News Service - scroll down to 2-7-07 3:07PM)