In a recent interview with PropertyOfZack, Mayday Parade is aiming to record in February or March for an early-fall release. They are currently label-free but will be signing a deal in the near future.
If they continue int the direction of their self title than I have no doubt the album will be good. I love the instrumentals of that album. It was so well produced and sounded so good. They should just move over to hopeless. I feel at this point in their career they would sound better on Hopeless than Fearless. Fearless has become such a pop-scenecore label.