I understand there are hopes for a reunion of the Christian "Liverpool Scene" of which Parchment was central.
The event has been styled Roundabout 2008 and aims to reunite the people who worked with Roundabout Multimedia. The musicians cited are Trinity Folk, Parchment, Keith Rycroft and Reynard.
Liverpool is to be the European Capital of Culture in 2008. The Roundabout 2008 website doesn't contain much information but is going to be worth keeping an eye on.