I'll just touch on some points quickly
The Dream Engine, great idea, great potential, has to deliver any goods. The wrong person is driving the train IMO (Steve Rinkoff)
Rob Evan, great singer for Broadway, no good for rock songs and he's not marketable
I believe Meat and Jim do want to work together, but it won't happen in 2007 though
I don't think there'll be an actual album, but more an EP (5 songs maybe)
It's all anyone's guess, I personally would like to see a 'Conclusions & Climaxes' project, but I'll not hold my breath.
Pud