The music from Sonic the Hedgehog has a grand tradition, especially the music from the 16-bit era. However, there have never really been any official arrangements of these works - aside from the Dreams Come True versions.
Sega have been releasing a few arrangement albums to accompany the more recent titles and they also released True Blue: The Best of Sonic the Hedgehog, but there hasn't really been any word of a more old school arrangement album... until now.
When asked, Bentley Jones indicated that if such a project existed, he'd definitely be up for taking part and hinted that it may already be in the works.
Hell yea! There is something I'd like to talk about, but I can't just yet. There is something coming up that will hopefully get a few people excited.
There's no more information than that at present, but there will surely be a more official statement made once things have become more definite.