nethru wrote:
New here and loving the game. Any news on the 2nd edition/printing of this in hardback with the errata/fixes stuff? 
Hello and welcome!
This is not an official announcement, but it will give you an idea on how things are developing. If this is a second edition the way in which bibliophiles define such, it is on par with how Call of Cthulhu has done some of their "new editions" over the years; meaning, the rules of the game are not changing, but we're cleaning, reorganizing, and adding in some new stuff (classes, monsters, magic items, spells, etc.).
This is not to say that you absolutely will need the hardback, which I've been tentatively been calling AS&SH Compleat in my notes. In fact, one could have a game in which some participants have the new hardback and other participants have the older boxed set, and there will be almost perfect compatibility.
What else?
- New Art! Adding to the well-received art of the boxed set, we've brought in some of the artists who have helped make our recent modules a great success. These include Johnathan Bingham, Daisey Bingham, Del Teigeler, Peter Mullen, and Val Semeiks. We've also brought in Jason Sholtis who is doing his first AS&SH work, and legendary RPG artist Russ Nicholson. Lastly, Charles Lang is painting us a new front cover and back cover.
- New Map! We have brought in Glynn Seal to produce a new full-colour HYPERBOREA map, and his work is phenomenal. The map will be much larger, measuring 32 x 40 inches. It will fold to 8-inch squares and tuck into the hardback.
- New Layout! The layout will be cleaner, easier on the eyes.
- New Editing! David Prata is back to comb through all the old text, repairing, reorganizing, and inserting all the new material. It is a mammoth of a job and he is already a good chunk through the thing.
There is much more going on, but I hope that satisfies your curiosity for now! 
Cheers,
Jeff T.
HYPERBOREA- A Role-Playing Game of Swords, Sorcery, and Weird Science-Fantasy