At Sherwood's hometown show last night in San Luis Obispo, Nate announced that the band would continue on. He said to expect a new album next summer and that they would be setting up a website where fans could donate to the currently unsigned band to help make the record.
Awesome, they really should be bigger than they are. But I hope they offer something for donations - maybe a couple songs or something that would entice people to throw a few bucks down!