Gandalf, when you say make an 'Update CD' what are you talking about? If you mean make a CD of SE4:Gold patched up to v1.91 then in effect you are blatantly using Cafe Press to 'Pirate' SE4:Gold, Saying the profits go to PBW is just setting them up for the fall.
..If on the other hand you mean make a compilation of the latest editions of the various mods, well, that's different,.. you would still need to get permission from all the mod builders to include their mod on such a compilation. In this light it could very well be an interesting proposal.
So, which of these two did you mean?
Cheers!
P.S. I just thought your post was a bit 'ill-written' to have undertones of piracy even if that was not your intent.