They've confirmed it in a statement on their MySpace page click here
"The Immediate is no more xx
We're sad to announce that The Immediate is splitting up due to existential differences.
We'd like to thank everyone who came to our shows and listened to 'In Towers & Clouds', everyone who loved or hated us, as well as anyone who helped us along the way... It's been a blast. Thankyou, sincerely.
We all still love each other.
Thankyou and goodnight,
much love xx
Conor, Dave, Pete, Barra"
Although I wasn't a fan (I think I was the only Irish reviewer to give their album a less-than-adoring review click here
) it seemed that they would be fairly successful abroad - I know that in France they had just sorted out a label and played some very well-received and well-attended concerts...
...although 'existential differences' sounds like something they may have picked up in some Left-Bank intellectual cafe in Paris
I think Mully has a fair point - maybe a band needs a leader, a focal point. In early communist Russia they tried having orchestras without conductors - it was a disaster.