From savestheday.com:

"our B Sides album will be coming out late this summer. The record will contain every little scrap of noise we recorded for the past seven to eight years, and may include ancient Sefler songs (previous incarnation of STD), with tons of old photos (see David with teeth!!!) and special liner notes. We're trying to work on a DVD to accompany the album, but we'll have to see whether we have enough old photage."

Update: We've gotten word that Vagrant will be releasing the record.