Well, this looks like it'll probably be the closest thing that I'll be seeing to a new Plus Tech Squeeze anytime soon. Tomonori Hayashibe of PSB has started a new project with Milch of Source, who I know of because he produced Eel's Little Prince album, called Tropico Q. Their first album, "Hard Rock Pafe", comes out on September 22 and is a collection of strange electronic covers of classic rock songs like "Walk This Way", "We Will Rock You", "Black in Back", "Welcome to the Jungle", "Highway Store", etc.
You can check out some clips here:
http://www.stubbierecords.com/sound/XQIV1003.html It's no PSB, but it's interesting...