Despite the recent hype surrounding Lil Wayne's announcement that Limp Bizkit was signed to YMCMB, sources have come forward claiming that Fred Durst has actually revealed that Limp Bizkit is over!  Durst and his bandmates were apparently hard at work on a new studio album titled, 'Stampede Of The Disco Elephants', and a follow-up to their 2005 EP 'The Unquestionable Truth Part 1'.  

According to Metal Injection, Durst had a recent conversation with Kerrang! and admitted that Limp Bizkit's time in the spotlight had come and gone.  He cancelled a U.S. tour recently because he felt as though fans have simply moved on from the group and their music.

"We don't play back home. We've boycotted America for many years now. I don't know, I just don't wanna go out like that. We did a few radio shows in 2010 for a friend and that was it. We haven't properly toured America since 2006.

"The reason? We just don't know what's going on in America. It's all about the new catchy thing and that's always changing. America is driven by record sales. It's the home of corporations. We're just Limp Bizkit, so we don't know how to do anything but Limp Bizkit.

"But here's the deal: say in 2000, there were 35 million people who connected to this band. Twelve years later, lots of those people have moved on. We were a moment in time and it's over."

Who knows if this means that their pending YMCMB album will ever be released, or just cancelled altogether?