Yes, in part. A bit off topic, but which recording are you thinking of? The one off of Live/Dead?
Yes, there are Gnostics out there and the religion is growing. As for the historical issue...I've seen claims of Gnosticism going underground and surviving through the ages, but my understanding is that the modern movement is in fact a revival of the ancient faith rather than anything having direct ties to a secret group of gnostics passing down the secrets through the years, or something along those lines. You would be surprised at the current flowering of and attempt to re-construct ancient, formerly dead religions. Kemeticism, for example.@Others--especially those defending Gnosticism: Are there really still Gnostics out there? I was under the impression that they had all died out or been absorbed into other sects by the 3rd century (and necessarily so by the time the Council of Nicea met). Was there a long-standing underground Gnostic church? Or is it a modern revival of the ancient faith?