As of posting, the band's website reads:
We may not like playing video games all that much but we do like it when our music is featured on them! Makes us a bit proud even when it's a game as big as Saints Row for the PSP and even prouder when the nice developer people show excellent taste by picking "The Lotus Eater" for it. So if you love playing video games: the game is expected to hit the streets around March 2010.
If you are not getting your Saints Row game news from Scandinavian metal bands, you are probably getting it from somewhere else.
We are contacting THQ and will update if we hear anything.