By Jessica Shaw
Updated September 16, 1994 at 04:00 AM EDT

The mud may have dried, the grass may be starting to take root again, and the population of Saugerties, N.Y., may be back down to 18,400. But Woodstock ’94 is far from over. Herewith, the good and bad news.

*The good. There are plenty of ways to relive the mayhem: Plans call for two compact discs on A&M to be released Nov. 8, one with the boomers (Bob Dylan, Joe Cocker, Crosby, Stills & Nash), the other with the busters (Nine Inch Nails, Primus, Blind Melon). There’s also talk of a four-disc collection grouped by musical genre. Since the Aug. 12-14 gathering, albums by Nine Inch Nails, Green Day, and Sheryl Crow have enjoyed a surge on the Billboard charts. A photographic scrapbook, Woodstock ’94: The Book, is coming out in November, and Barbara Kopple’s two-hour documentary will hit the screens within a year. Perhaps the biggest benefactor is artist Denny Dent, who created splash paintings to music between sets. He’s negotiating to do an Off Broadway show and a spot on Letterman.

”Denny came as a footnote to Woodstock,” says his spokesman, ”and he left a chapter.”

*The bad. Some property owners near the 840-acre wasteland once known simply as Winston Farm have discussed suing promoter Michael Lang for damage done during the concert. Acting on speculation that a suit was in the works, the promoters said they would review refund requests from ticket holders denied access to the site when the New York State Thruway was closed. But neither Lang nor PolyGram promoter John Scher is cowed. ”When you have 350,000 to 400,000 people in one place, might there be some lawsuits?” asks Scher. ”There could be. We certainly have insurance.”