With TV on DVD such a hot commodity it makes sense that Paramount would be prepping a release of Twin Peaks: Season Two for later in the year.
In a story from The Digital Bits, it seems David Lynch's highly popular TV show is going to be released in a Season One and Season Two set
Twin Peaks: The First Season came out in 2001.
According to the story, David Lynch is going to have his hand in the creation of this material and there are also going to be extras. Other details (like a release date) are not available at this time.
Twin Peaks television run ran from 1990 to 1991.