I remember seeing last year that they are back and recording a new album. Fingers crossed it materialises!
I was going back over a bunch of bands from this era and showing my flatmate not too long ago - gotta say On Fire doesn't quite hold up now compared to some of the other stuff from those days... FTSK Underdog Alma Mater is still quite interesting musically and the songs still take you on a bit of journey (Even if everything after sucked - great debut), Farewell Isn't This Supposed To Be Fun and Secret Lives Of The Freemasons Weekend Warriors are two others I loved from this era that I think are still great :D Edit: Also - You can't beat the Further Seems Forever cover :D