Yeah someone on Collected Animals spoke to Geologist about what's next, and he said it's their most experimental stuff so far.
It's a "visual album" that they've been talking about for ages. A collaboration with a guy named Danny Perez I think. He did the Who Could Win a Rabbit music video and maybe Peacebone... I can't rememeber exactly. Anyway... they're sorta doing an album length music video of some sort, I think they said they might be involved in the film side too, inputting ideas, and the director will have input into the sound... so that sounds interesting.
But Geologist also said he knows nothing about what's going on with that :P sounds pretty disorganised...
There was a half hour set with Avey, Deakin, and Kria Brekken playing what were apparently working pieces for this visual album. They're very nice, really atmospheric.