Pennywise are currently taking a break and have recently finished touring, according to Punkbands.com. There has been a word that band will continue/begin writing their follow-up to 2005's The Fuse. As of yet, there are no plans to enter the studio to start recording it sometime in 2006.
Last year, frontman Jim Lindberg stated that the follow-up to The Fuse was in the works as it had some songs that were not on the album. Also during last year, after the The Fuse was released, there were some rumors of a break up after their Australian tour was cancelled. Then later, Lindberg denied that statement and decided to keep the band active in the future.
There are some rumors that say that Pennywise's next album will likely surface for release sometime in 2007, but no word about it by the band is known.