Billboard Magazine is reporting that Nickel Creek will put the band into “an indefinite hiatus in late 2007.”

From the article on the Billboard site:

“After seven years straight of touring and three records behind us, it’s in our best interest to suspend Nickel Creek by the end of next year,” says group member Chris Thile, noting that he and Sara Watkins have been in Nickel Creek since they were eight years old.”

Read the whole article here.

Brance adds: Rex Hammock has a nice post about this on his blog.