Gordy is contractually stuck to his label, but WAS(when P
M still existed) with them in spirit. Nobody knows the fate of P
M at this point. They were slated to drop an album call Horrifik Thoughts in '07, but it hasn't happened, nor has there been mention of that album or group doing anything. It should be noted that Prozak's new album on Strange Music has production by Mike E. Clark(famous for his work with George Clinton and ICP), so you'll be able to get a taste of new P
M if they ever put any more records out.
Gordy was going to join the group, but like I stated wasn't able to shake his contract with another label and they would only allow him to feature on future P
M albums, not officially join the group.