Wild Turkey (Pernod Ricard USA) is about to release a new straight rye, under the Russell's Reserve banner. It will be a six-year-old straight rye whiskey. Retail price will be about $24. I don't know the proof yet, but I suspect it will be 90 proof, same as the Russell's Reserve bourbon. I'll know more for sure in a couple of days. It's being bottled now.
Russell's Reserve Rye is scheduled for late September release. Whether or not it will be around during the Kentucky Bourbon Festival (9/10-16) I don't know, but I suspect the Turkey folks will have some, even if it's not in the stores yet.
This product will be positioned slightly above the Wild Turkey rye and is a new expression, not a replacement for WT rye. Presumably, WT rye will continue at 4+ years old and RR Rye will be 6+ years old.
I think this is a great development and I'm looking forward to it.