From the comments on this forum, the Theocracy album rerecord/remaster od the next thing the band is working on. However, According to Angelic Warlord, Theocracy is...
"Ulterium Records on new THEOCRACY demo tracks (Facebook June 26, 2011): Listening to demo versions of a couple of new Theocracy tracks today. It's amazing how well they sound, so much better than so many finished albums out there. Fantastic tracks as well! Will take quite a while before we see a new album, but I'm sure that we'll have another classic in our hands when the time comes! "
So I guess the byes are keeping busy.
"Ulterium Records on new THEOCRACY demo tracks (Facebook June 26, 2011): Listening to demo versions of a couple of new Theocracy tracks today. It's amazing how well they sound, so much better than so many finished albums out there. Fantastic tracks as well! Will take quite a while before we see a new album, but I'm sure that we'll have another classic in our hands when the time comes! "
So I guess the byes are keeping busy.