The most recent release (August 18th) is Snow White and the Seven Dwarfs with illustrations by Gustaf Tenggren.Others in the series so far have used artwork by Mary Blair and include:
Alice in Wonderland - text by Cynthia RylantCinderella - text by Cynthia RylantComing on October 13th (or possibly September 22nd according to a Disney Press report) is Peter Pan, also illustrated by Mary Blair, with text by Dave Barry & Ridley Pearson.
My only gripe is that the printing could have been better and done more justice to the beautiful artwork. Because the reproductions aren't handled as well as they could have been and are somewhat muddied and cropped, these volumes are really more for interested adults than children. Nevertheless, I think these are worth grabbing a copy of before they disappear.