Yes it's being prepared for release by Dark Sky. Here's something from Fangoria about an interview with David Gregory:
"In addition, Gregory reveals that he “just did a commentary yesterday for Michael Reeves’ THE SHE BEAST with [actor] Ian Ogilvy, [producer] Paul Maslansky and amazingly, Barbara Steele. Now, it has to be said that Barbara didn’t want to come, because she had absolutely no memory of the film and thought it was utter rubbish when she watched it. However, we persuaded her to come along to chime in about the Italian industry at the time and her status as a horror star etc., so that was fun.”