according to this document:
http://www.bandaivisual.co.jp/pdf/2008/pr080410.pdf
Macross Frontier will be released in both DVD AND Blu-ray on July 25th.
Price: 5040 yen (Blu-ray), 3990 yen (DVD)
Running time: 82 mins
Audio: Blu-ray = linear PCM (stereo), DVD = Dolby Digital (stereo)
both include lineart and both versions of Episode 1 AND... an audio commentary
volume 2 will be released in September, for a total of 9. Future Blu-ray discs will cost 7350 yen, DVDs 6300 yen
edit: regarding the first episode, the DVDs include the "Deculture Edition" that runs for 27 mins (the one aired in Dec) and the "Yakku Deculture Edition" (full version) that runs for 32 mins... so that means there's a THIRD version?