I hear Tool or A Perfect Circle is releasing something in 2017.
I'll believe it when the album's been released

Last I heard, Tool band members reported, the music was already recorded and they were just waiting until Maynard had time to write lyrics and record his part.
And members from A Perfect Circle have signaled they had enough material for a new album, but they're also waiting for Maynard.
Meanwhile Maynard _did_ find the time to release a new Puscifer album and the first part of his autobiography... It just seems that he's no longer really interested in his 'old projects'. Frustrating.
(Well, at least the Puscifer album was okay - it actually reminded me of A Perfect Circle in a few songs.)