I read the Fanboy Review's report yesterday that Bandai Entertainment had the license to Byousoku 5 Centimeters, a former ADV title, with some trepidation; the report was based on credits for Bang Zoom! having produced dub work for it and a claim from ADV vice-president Matt Greenfield at a conference last year. He claims in to have additional sources who say that it's "definitely" being done for Bandai, although these sources are anonymous, so you'll have to make up your own mind on it.
Byousoku 5 Centimeters
I'm glad I waited, since ANN has received word from Bandai that they do not have the license to the show. An update from Fanboy Review backpedals a little, suggesting that Bang Zoom! is doing it on their own, on a low budget, by virtue of the cache of the actors selected for the dub.
EDIT: FR's Marc has corrected me, saying that he wasn't suggesting that BZ was independently dubbing the film, but that someone else may have been dubbing it at BZ's studio.