Young God Records instigator Michael Gira is to work again under the Swans monicker. He sent out a stement today.
I have decided to focus my energy on Swans once again. I'm reactivating that project. A new album is in the works, and touring will follow in fall of 2010. In order to help raise funds / help defray the considerable costs of recording and promoting the new album, I have made a special CD/DVD limited edition handmade package called "I Am Not Insane" available exclusively at the YGR website. You can read about the CD/DVD, and my decision to reactivate Swans at this link:
Thanks Very Much, and God Bless You,
Michael Gira / Swans / Angels Of Light / Young God Records"