Seeing how Nick Fury: Agent of S.H.I.E.L.D came out on DVD after Iron Man in 2008, I think it would be conceivable that the 1990 Captain America film would finally be making an appearance on DVD soon. As far as the rights are concerned, I know National Studios Inc, Marvel Enterprises, and 20th Century Fox Television released the Nick Fury movie. Since 21st Century Film Corporation (Cannon under Menahem Golan and Yoram Globus) is non-existent, then I would think the rights for Captain America would go back to Marvel to choose a distributer. I know that the VHS was released through Columbia Tri-Star (Sony now). Does any one know who released the Hulu video?
It's also been hinted at on Albert Pyun's website that there is a DVD in the works:
(Look at the comments section)
A little off topic, I find it funny that Pyun finally made a sequel to the Sword and the Sorcerer, Abelar: Tales of an Ancient Empire. So who knows, perhaps he'll just release his own version, anything is better than the poor VHS transfer that most bootlegs are made of.