Nektar News: the new album "Book of Days" is being recorded during the summer of 2006. I've been invited to contribute to the arrangements (and it's even posted on theNektar website). As soon as there's more information and I know more about it myself, I'll post my own observations.
UPDATE NOVEMBER 2006: It's pretty simple; I don't have any information. To date I have not contributed to the new album. I'm still waiting to hear about that. I was asked to do the tour, but it conflicted with some of my other obligations including the Tony Levin Band dates so I had to decline. Now I understand the tour has been postponed until 2007. The best source of information is theofficial Nektarwebsite.