What you guys are saying seems to be in concurrment with what I heard; we definitely won't be seeing the original trilogy on DVD until after the release of Episode III.
Regarding the possibility of Factor 5 porting the Rogue Squadron series to the X-box, this would be next to impossible considering Rogue Leader and Rebel Strike were both built solely from the ground up for the Gamecube hardware to exploit its many strengths (these aren't what you would call port friendly). Plus I don't see how the graphics could be improved upon seeing as how the Gamecube versions are already running with practically every effect imaginable enabled such as bumpmapping, realtime lighting, volumetric fog and (in the case of Rebel Strike) a new light scattering technology that makes for some awe-inspiring sunsets. X-box fans wouldn't gain any bragging rights here. All that these ports would prove is that the console is at the very least capable of running the game, but that would be like a step down if you ask me once Factor 5 reveals their next project which, as hard as it may be to believe is no doubt going to top Rebel Strike in the visual department.
This brings up another point. Factor 5 seems much too preoccupied with other projects to devote precious resources to begin developing for other consoles. In addition to a possible Pilot Wings sequel, they have already alluded to having other projects in the works for the Gamecube. You also have to remember they do more then just make games. They're specialty also seems to rest in hardware; they designed the Gamecube's sound chip (how much you want to bet they will be just as involved in Nintendo's next console?), adapted Pro Logic II for use in Gamecube games, and just recently, solved the issue of high quality video by implementing Divx compression technology.
Lastly, there is absolutely nothing keeping Factor 5 exclusive to Nintendo. For some unknown reason they choose to develop for them only, and have frequently expressed their unwavering satisfaction with the relations they currently enjoy with the Big N. If Factor 5 really wanted to go multiplatform they would have done so long ago.
Such strong contradictions cause me to question the validity of this latest rumor.