(Update 3: They aren't calling it quits after all! http://tinyurl.com/896oo7s)
(Update 2: In addition to playing the New England Metal and Harcore festival, which was supposedly their last show ever, they agreed to play the Jamboree Festival. Here's an interview confirming the break up: http://www.thejamboreeohio.com/jamblog/oceano-interview/)
(Update: They Broke Up.)
I'm a few days late on this news, but if you happened to stumble across Oceano's facebook recently you might have seen this post:
Or maybe even this one:
Anyhow, the new album probably won't be coming until the middle of 2012, but keep your eyes and ears out for news and maybe singles in the coming months.