What's next for 'Blair Witch' creators?

This is the 2nd or 3rd article Google's fed to me about these guys over the last week or so. In short, they're trying to make up for the disastrous sequel, and are currently working on some well-funded-but-smaller-budget (by Hollywood standards, but certainly not by Blair Witch standards...) films and are hoping to get back into the game:

Currently, Sanchez and Hale are in Orlando editing "Altered," a Haxan feature about four rednecks who capture an alien as payback for their own abduction, with Cowie and Monello producing. They plan to construct an Internet mythology around the film (sound familiar?) to entice a following and allow for sequels, video games and comic book adaptations. In October, Myrick begins shooting "Solstice," an indie he says will hark back to elemental horror films like "Rosemary's Baby" and "The Shining." His current project is "The Strand," a series produced by his solo banner, Gearhead Pictures, and streamed on the Internet in "webisodes," 30-minute slices-of-life about the denizens of Venice Beach, Calif.

We'll see - I hope it all pans out for them.