I'm excited for the new material. But it seems like it's the last PT album since it's called "Closure/Continuation" and it's mostly songs that had been floating around for nearly a decade in some cases and the band (or perhaps just Steven) wasn't particular inspired to complete them. Almost gives me the feel that Steven is simply "cleaning out the closet" as he puts a bow on PT's career.
I take the title to mean either or. Either the album will be Closure for the band, or it will be a continuation.
Whatever comes from this is where PTs future will go.
I find it neat that these songs were already there to go, just no time for everyone to actually get together with the band and make these songs, PT.
Could also be Colin was one of the main guys not interested in wanting to make these songs, while the other three were already working on them.
This could be a reason why nothing happened and Steven Wilson really wanted to release these PT songs. Hence Colin having to relinquish his role in PT so no legalities can arise once this album is released. Meaning, he can't claim he is a part of these songs, since they are made from older PT demos that were hanging around.
I'd still go see them live regardless without Colin. As long as they get a groovy bass player it'll work. Nick Beggs is groovy.