As far as is known it's for a new record. The band and Falcon already got together to record a few new songs back in February!

The new BoxSet is expected for the 40th anniversary of the band, and it consists of demos and outtakes, and lyrics Jon had written and forgot they existed until now, so he is working on it to record those old songs too - well that said, we can tell he does have opened the vaults... He's just not sharing it yet.