The latest word is that the entire team has been dissolved at least temporarily.
The main reason being floated around is due to the allegations/scandal against Jessie Abbatte's (now going by Jesse Harrison) ex-husband. We shall see what happens with Dave Sevigny and the other members.
Personally, I would like to see Dave Sevigny sign with Team Springfield. The 5.5" XD(m) would be a smooth transition from the G34 and IMHO would be a great assest to them.