Is Porcupine Tree going on hiatus?

Say it ain't so!! Here’s a brief extract of an interview with Steven Wilsonthat was aired on Planet Rock Radio on April 6th:

“In essence, Porcupine Tree has probably run its course, I believe the band have reached a peak both musically and commercially and with my own change in musical direction, it would seem to me to be the appropriate time to put the band on a hiatus. I’ve enjoyed the extra freedom of being a solo artist and how it allows me to be more diverse than within the context of a band. I’m sure the band will appear again in some form, but not in the foreseeable future, I have a large backlog of musical ideas, I would like to see them come to fruition outside a band context, I trust most Porcupine Tree fans will see the greater picture and look forward to these exciting projects”

At least we will be getting more music by this great composer.