I can't speak for Almar, as he is on vacation until Monday, but I don't think there is much chance of a Blu-ray release as when I first got a whisper of Vamp being an Arrow release, it was strictly as a DVD title.
If anything has changed between then and now, I'm sure he will let us (and everyone else in his address book) know about it! In terms of Arrow's resources, I'm sure they are fairly stretched what with Phenomena, Tenebrae, Inferno, Bay of Blood and whatever else is on the horizon vying for a high definition release.
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