Hopefully it's better than Life Cycles. Once the hype crashed I was rather disappointed. I have faith though. Telle's gotten better, Zack and Tony are amazing guitarists, Daniel (from what I've seen) is quite good, and Luke is a great drummer. Here's to hoping they actually demonstrate their talent.
I'm betting they're eager to showcase Holland. The "constraints" of an EPs length could motivate all of them to release something bombastically awesome. I enjoyed LC but the guitar work kind of killed it's replay value.
Also guys, an EP in 2013 could end up meaning a year after LC was released which is suitable for an EP. A new record in 2014 would mean 2 years after LC which is also fine.