The great news in this is the prospect of another Lindsey solo album. From what the newsbit stated, it's fairly complete by now, too. The fact that he's not a Reprise recording artist anymore, but a free agent, is good news, too. He can now license out his recordings to a label or distributor, thereby keeping the rights to the master tapes. And the larger of the indie labels will be happy to release an album by a well-known name. That's the way to go at the time, business-wise.
Good luck for the project, Lindsey! I guess the album will be great.
As for the FM situation including or not including Sheryl, and Lindsey stepping down as a producer, I can understand people want Richard Dashut back. But what has he been up to in recent years? I don't have a clue. Sheryl Crow knows how to produce, which she has shown several times before (her eponymous 2nd solo album, the duets with Stevie on the Practical Magic soundtrack). Rob Cavallo could do a good job, too. But please: not John Shanks. His work on both Stevie's and Chris Isaak's records isn't up to par with what these artists can do without his streamlined, boring production.
Sorry if that last remark offends anybody.
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