Your plant looks good to me. I would just leave it where it is not repot it. Since it has new growth, you can water and fertilize this plant A LOT! In fact, the shriveled bulbs mean that it needs more water. Here is a culture sheet for this plant:
Sunset Valley Orchids - Grower and hybridizer of quality orchids, Vista CA This plant and its relatives will drop all their leaves and go dormant (sleep), usually in the winter. The website will tell you more.
