Recently a fan from the Mike Portnoy Forums posted a Tony Levin (bassist for Liquid Tension Experiment) blog saying that Levin had met up with the other LTE members whilst recording another project.
"…While recording an album in New York I ran into my Liquid Tension Experiment bandmates, who are working on a Dream Theater album. Jorden Rudess had just left the studio when I ran in with my camera to get a shot of myself with Mike Portnoy and John Petrucci."
After this post, suspicions were made by fans that there might be a possible third Liquid Tension Experiment
Later in the forums, Mike Portnoy himself posts to clarify the fans' curiosities:
"...Ladies and Gentlemen: LTE 2006!!! [A photo]
"Just for the record:
"I think my initial feelings of no longer being interested in another LTE album because of the similarities to DT with Jordan have finally passed... It's been long enough now that I think it could indeed be exciting, creative and a lot of fun.
"The 4 of us did mention in passing how much fun it would be to someday make some more music together, so as I always say: "Never say never!"
"(Unfortunately, there is one obstacle that could make a future LTE album very difficult...and I'll just say, it is NOT any of the 4 people pictured above!!)[Referring to the difficulties Portnoy had with the record label, Magna Carta]
The complete post can be found at this location.