It seems that it COULD be a possibility according to their former singer, Cedric Bixler-Zavala!
Spilling the beans to Drowned In Sound, Bixler-Zavala said, ""We've been making amends with a lot of the members and having some really good talks with them...I wouldn't mind it [a reformation]. It might happen, we just have to iron out a lot of personal things. A lot of it we've dealt with already and I've apologised for a lot of things I've said and the way it ended... we'll see what happens."
Now THIS would be amazing!