I have a friend that has been talking to Tom Morello for the past few weeks at his Axis Of Justice shows in LA. He gets to sit down and rap with tom about whatever for a while so, as a favor, he asked Tom if Rage was going to be putting out a new album or going on tour. (this is before Rage was confirmed like 3 days before) Tom said.
"Right now, there are no plans. We are set to do this show at Coachella, but there are no plans. It would be amazing to go back on the road with Rage, but I just wanna chill out."
He also told my buddy that everyone in the band just really wants to chill out and take a breather from audioslave.