Why the confusion with the news title? They had this video since last year but were finally able to release it. It's the last content as VE that will be released. Just change the title to "VersaEmerge Change Name to VERSA; Will Be Releasing New Music Soon".
I'm sure it's a a mix of creative (it's just two of them now and they stated they wanted the next album to be more spacey/ambient) and legal reasons. They were dealing with legalities for a long time, they mentioned more than once. I obviously don't know the details, but it seems that way.
What? They've changed their name to just VERSA and will be releasing new music as that name before the end of 2013.
Don't get all the confusion and negativity. They've been really clear.