Welcome to the board Charmos.
This is a topic that has been discussed over and over. You should go back and look at some older threads.
But, to sum it all up - Creed is on an extended break with no timetable for return. Scott is working on a solo album due out some time this year. Mark, Flip and Brian are working on a new project due out around August. Micheal Tremonti (Mark's brother) keeps us updated on this project. You can do a user name search for "Gabriel" to find his posts (to find out information on this band). A band name has not yet been announced.