This is from like a year ago, but this is what Dave told me:

I really dig this project, though. |
Funny you post that. Talked to dave outside a local show on friday (sweet brag, i know). He didnt really give a definite answer when i asked but it didnt seem like it was ruled out at all. Plus if you saw how tight and happy they were at the Make Yourself Sick show, you'd be pretty optimistic about it. Whether they continue to make music or not im still satisfied with all 3 of their albums.