I remember watching that show. I mostly remember, even as a kid, wondering "how can they put that on TV?". But that never kept me from watching, of course. I was into all the old creepy shows: Tales from the Darkside, Twilight Zone (all versions), Alfred Hitchcock Presents (again all versions), and Amazing Stories (a handful of which were genuinely scary).
As for a DVD release, I've heard nothing, although I'd like to see all these shows on DVD at some point.