Faith No More disbanded in 1998. I guess they get lumped in with the Red Hot Chili Peppers and all of the rap-rock forebearers, but if you really listen to them they had an artistic skew that was all their own. Mike Patton has gone on to follow that artistic muse, really doing (from what I can tell) whatever the heck he wants, and really getting as far away from commercial music as possible.
The thought of a reunion is tasty indeed, as the band was a good live act. I still remember seeing them open up for Robert Plant at the Fox, Patton walking around like the Frankenstein monster, rumbling all over the stage, with all the boomers who were there to get their Zeppelin fix watched in shock/silent indifference. I thought they were great, but don't think most people knew what hit them. Of course, they also played Mississippi Nights, and even Furst Rock on the landing, before anybody heard of them. Ah, memories.
So supposedly the band will be playing some European dates this summer. In the meantime, Patton will be performing at Coachella on April 17.
Oh, and for my money, their best release by far was "Angel Dust", check it out if you get a chance.