According to a recent Blabbermouth post, Maynard told Pulse of Radio that he’s been working with Billy Howerdel on some A Perfect Circle tracks:
“I doubt if we’ll do any touring or, you know, do a full album,” he said. “We might do some one-off shows here and there if the timing’s right and it seems like a good vibe and a smart thing to do. But most likely we’ll just kind of concentrate on, you know, one or two songs at a time, rather than investing all the time and money and effort into making those plastic discs that no one cares about anymore.”
I can never find links to the Pulse of Radio interviews on-line (I suspect it’s some kind of radio station) but I think this came from the same interview I quoted yesterday where Maynard mention he expected Tool to be working together again next year. Personally I hope Maynard finds more time for Tool sooner, rather than playing around with APC again.