"...they were going to try to record as much as possibe together." Pffffft. Based on that alone I expect another Neighborhoods. Only way they'll get a cohesive sounding record is if they block a good 1-2 months in he studio and do this thing as a band.
Mark joked he was probably going to need a lot of transatlantic flights. I think the idea is they'll try and record the whole thing together if they can, but there are obvious geographical problems.