From a new-ish Sea and Cake site:
"The latest Sea & Cake news is rather vague, however it may help satiate the craving for some indication for the die hard Cake Heads.
As is stands, the following Sea & Cake related releases are scheduled as follows:
Bobby Conn "Winners" CDep (12.24-2) Feb. 19th / Features a remix of Bobby's hit single by John McEntire;
Archer Prewitt "TBA" CD (thrill-108) June 4th, 2002;
The Sea and Cake "TBA" CD/LP (thrill-116) Slated for Fall, 2002;
???Tortoise CDep This Fall???