Pearl Jam bassist Jeff Ament says the band is hard at work on a new album...but don't hold your breath waiting for the release, because they're not working THAT hard.

He said, "There really are no plans right now. We have a few shows in South America on the calendar and that's about it. I think that's by design. I think the idea is that everybody takes the holidays off and then at some point somebody will pick up the phone, maybe late January or early February, and that will kind of start the recording process over again. We still don't know exactly when we will finish it, so it's hard to talk about it. It really could be anything at this point. Even though we have seven or eight songs recorded, it's still sort of a blank slate and that's exciting."