They seem pretty adamant about "independently" pursuing their latest single in this update
March 6th, 2008 New York, NY - Top 2007 breakout rock group The Red Jumpsuit Apparatus is back in the studio recording the follow-up to their hugely successful Platinum debut DON'T YOU FAKE IT, while "Damn Regret", the fourth single from this album, is being pushed independently by the band and is now impacting the airwaves, on the internet and on video networks, including an independent band-produced video currently on rotation on The Fuse network, among others.
and in a blog in feb there was the:
Stay tuned for a series of important announcements regarding Virgin Records, The RJA Guardian Angel Foundation, the Soundwave cancellation, our new video and our new record.
So while it may not be the smartest thing for Virgin, who knows what happened. Maybe they fulfilled their contract and wanted to go do everything on their own. It's been a little over a month since that blog post and nothing as come about... maybe soon. Not that it seems many people who are coming to this thread care, but I figured I would help out anyone looking for info.