Seems likes its going to happen,

A short translation of this Page is as follows.

Jam Project is going to Sing Motteke! Sailor Fuku, The Opening Theme for Lucky Star!
The song will be called JAM ga mottetta! se-ra fuku. It will be released on Cd.
Please enjoy it .
To be released on 26th Decemeber 2007

It is to retail at 1200 yen and its Produced by King Records.