New Songs/Is the band no longer with Warner/Reprise?

[Fannymac]

They are, indeed, currently without a label. The Best Of was their last release for the label, then they did a one up for SAY YOU WILL (we all know how well THAT turned out!)
Going indie can be a double-edged sword....you have more power and more control, and all the money goes into your pocket, but there's very little advertising/marketing done, thus causing many an album to tank.
There are exceptions to this rule.....Aimee Mann has been releasing her own stuff for over a decade to continued success, while Bonnie Raitt just had one of the biggest albums of her career ~ not to mention a Grammy winner! ~ with her first release on her own label, her first album in seven years!
The indie route takes work and effort, and to be honest, I just can't see the Mac doing that....I think they like the idea of it being done for them. I just don't think there are many labels out there willing to sign the band UNLESS they come up with a KILLER album!