Unfortunately it's looking that way. Here is an article from Metal-rules.com. It has more info otherwise I wouldn't waste ppl's time. Well anyway's here it is:
PANTERA - No more??
Added Tuesday, January 21
Added By: EvilG <mailto:metalhead@metal-rules.com>
A Prepared Statement to Guitar World Readers From Dimebag Darrell...
"What's up with PANTERA? I'd like to know myself. I thought Pantera would be the Rolling Stones of heavy metal, but PHIL and REX seem content with doin' their own stuff.
It's really weird, but this is the clear-headed, honest truth: they've up and left us hangin' and won't let us know their intentions or future plans. For the last 20 years, my brother VINNIE and I have put our heart and soul into Pantera and we never thought this situation would ever happen to us. By now I thought for sure we would've done another record, but they don't seem to care how it affects Vinnie and I, or the road crew or, most of all, all the Pantera fans that have been so fuckin' awesomely great to us for so long. We've made several attempts to talk to those guys and they keep putting us off. This is not a situation we've created--it's a situation we've been forced into.
Bottom line, for Vinnie and me it's all about the music, kickin' ass and havin' a good time. So we've got together with some of our close buds and formed a new band called NEW FOUND POWER. The record is almost done and will be out soon. We've put 110 percent into it, just like we always do, so I guarantee you won't be let down. "
Dimebag Darrell
Source: Guitar World