Lindil, you have spoken about such a version before. I can agree that it would be nice to have such a version, but I doubt that it is a reader friendly version. The material to be collected in that version is far apart, that it would either need a big lot of commentary from the editor or would confuse any reader (who is not familiar with 'The History of Middle-Earth').
But if we speculat about possible future editions, I would like to see in the fare future a compendium edition of all Middle-Earth stuff collected as the best we can hope for. If it comes out to be all Tolkien texts instead that wouldn't be that bad either.
Respectfuly
Findegil
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