Straight from the horse's mouth (aka the Kayodot.net home page)
"We are in the process of finishing up the writing and rehearsing of a new album for Hydra Head Industries, to be recorded this summer with Randall Dunn! This album will feature Toby Driver on bass guitar, Mia Matsumiya on violin and guitar (gasp!), Terran Olson on keyboards, Dan means on sax, David Bodie on percussion, and special guest Tim Byrnes on trumpet (whom you may know from Tartar Lamb, The Friendly Bears, Hazel-Rah, or Candiria). We'll be touring out to Seattle and back for the recording in June and July, premiering this new music (and also playing old material).
We have also just completed the recording/mixing of the brand new, maudlin of the Well fan-funded reunion record (to be released for FREE online within the next couple weeks)! "We" meaning almost all the old members of MOTW (Toby Driver, Terran Olson, Sam Gutterman, Greg Massi, Josh Seipp-Williams, Jason Byron) along with Kayo Dot members Mia Matsumiya and David Bodie! So it's like a combo record of the two bands, cool!!!! Look here for the release info very soon."