Mantic has released a press release through TableTop Gaming News.
http://www.tabletopgamingnews.com/2011/06/11/47432/comment-page-1/#comment-64000Short story; Mantic will be releasing Metal Hero miniatures on individual blisters this July.
Slight longer story; These will be new sculpts based on existing minis. Although I can't spot the differences from the first 4 photos shown on TGNs site. However on Monday a new metal Orc Hero will be unveiled. There is also a sixth mystery blister that will be unveiled later. I'm guessing it will be of whichever army will be released next... Goblin, Evil Elves, or Humans. That's just speculation on my part though.