Classics Illustrated coming back?

From ICv2:

In November NBM is reviving the fondly remembered Classics Illustrated comics in a new line of graphic novels published under its Papercutz imprint.  The more expansive graphic novel format allows the classic stories to be presented more completely, something that is quite evident in Michel Plessix's 144-page adaptation of Kenneth Grahame's classic The Wind in the Willows.  Plessix renders the adventures of Mr. Toad with subtle tones of aquarelle laid over thin, precise line work.  Papercutz' The Wind in the Willows is available in both hardcover ($17.95) and trade paperback editions ($13.95).

So, wait.  Maybe I'm being completely obtuse here, but does that mean Papercutz is reprinting the old Classic Illustrated books, or that they're re-doing them completely? 

Some mornings it really doesn't take much to confuse me.