The Beatles had changed management by 1984. They were no longer scoring the hits that they used to and wanted a new producer to update their sound. They tried to get Elvis Costello but he was unavailable at the time, too busy producing a Bob Dylan bootleg. But they held a session with Jellybean Benitez and the tracklisting would have looked like this
McArtney Park Petty Lane Sgt. Pill Popper Hejude Beatle Bop '84
Of course, Lennon had been shot in '81 so they were just the Threetles, and since Ringo was too drunk, Paul played the drums so it was really the twotles. They had enough material for an EP but if you add the rock and roll warm up covers and 17 remixes of Spies Like Us you could make a good deluxe edition. But would it have sold? Tastes were changing at the time so it's hard to say.
They could release an Archive edition this year, but between Abbey Road and the singles box, that doesn't leave a lot of time for Paul to put it out. I think the best bet is two Wednesday's before Thanksgiving, so we should get an announcement on the tenth hour of Labor Day.
Olivia Harrison might object to the release though cause at one point George exclaimed "piss off" when asked about the sessions but now that the well is dry she'll probably have to release it. Paul might want to hold it back to cause when he dies he wants his kids to have stuff to release and also the Flaming Pie archive is apparently finished and ready to go according to someone on this forum so maybe that will come out this year instead.
"The king is gone but he's not forgotten. This is the story of Stevie Hoffman"