Gerard Way recently talked with PopBuzz:

Well I now have a studio. I have this, like, compound type situation where I have a place to record live music and I have a place to record music in a control room and then a place to work on my art projects and my comics. I just kind of, right now, have so many comics due and so many comics to write that I’ve just been doing that. I’ve been trying to fit music in but I’ve just started to kind of write music. So that’s starting, it’s at a very early stage.

Gerard Way talked to Billboard about his upcoming work with comics, and mentioned in passing a little about My Chemical Romance:

“I wouldn’t count (a reunion) out, but at the same time everybody’s doing stuff in their lives now that they’re really enjoying,” Way says. “In some ways I don’t really miss it; It had gotten so big it was very unwieldy. It took a toll on my mental life and personal life. The thing I’m happiest about right now is everybody’s relationships with each other are really strong. That’s more important than anything else to me.”

And a second solo album:

Way is also starting to eyeball a second solo album, with “a bunch of stuff I’ve written over the past couple of years” already in motion. “I’m just about to seriously figure out my schedule in terms of how many weeks I’m writing comics and how many weeks I’m writing music,” Way explains. “There’s a plan to put something out; I don’t know when that’ll come, but the process is starting.”