TokyoPop officially has shut down its US publishing/distribution arm.
This is the final nail in the coffin, so no room for hopes/speculation anymore. I don't think Diamond Comics (the middleman distributor of damn well all comics in US/Canada) has kept backstock of old English GLBs at all, so any existing English GLBs you have are now collector's items (treat them well!). ;)
The likelihood of a similar project being taken up by any other publisher is zero - we have to be honest with ourselves that not only is print publishing harder to support these days (not to mention how labour-intensive translation is), but also that our fashion is still a very, very niche fashion.
On that note, if you want to see more of what English GLB could have been, let's do our best to support the indie lolita/lolita-friendly zines (paper or online) our own community members operate as much as we can. If you have grumps about quality, join editorial teams or become a contributing writer/artist yourself. Things won't improve or survive without more people lending a hand. :)