Ulrich Schnauss is in the current incarnation of TD. He was asked to join just before Edgar Froese died. Schnauss, Thorsten Quaeschning, and Hoshiko Yamane decided to carry on after Froese decided to change his cosmic address (as he put it.)
I've heard the first two albums from them and they're magnificent - exactly what you'd expect if you ran 1970s TD through a wormhole to the present, and gave the music an extra infusion of creativity and passion.
There are a couple of other albums I haven't heard yet, but based on the other two I have very high hopes.