According to
nin.com, the official website,
12 Rounds has just wrapped up some work in Nothing Studios with Trent and Dave "Rave" Ogilvie for their next release on
Nothing Records. Also mentioned was Trent finishing up some NIN work with Alan Moulder. Finally, to seal the package, there's 3 photos of them all working together - This can be found in the
current section of nin.com.