They are, just kinda playing shows whenever. I still hear rumors of them putting out new music but I don't really know if it will ever happen. Pretty sure Hawkboy is over, I read in some interview that they are just kind of over it already after doing all the ACB stuff again.
I had no idea they were even playing shows together again. They should just forget about this project (even though I'm sure it's awesome) and get back to making ACB material.