This situation sounds identical to what happened with The Movielife last year. Nothing more than a Bamboozle reunion set followed by a final farewell show with no intentions of new music or a tour.
"A certain period of time" - more bands should take note.
Also, this is nothing like The Movielife. All the guys that were in The Movielife are in different, active bands. Plus, IATA has always sounded like the perfect trajectory of where The Movielife was headed anyway.