Yes, Limp Bizkit is still touring. And yes, there is apparently beef between Limp Bizkit and Insane Clown Posse. During a recent performance in New Jersey, Shaggy 2 Dope from ICP rushes the stage after the song "Faith" and tries to dropkick Fred Durst off the stage. He misses almost entirely before security jump on top of him, leading Durst to say, "What a p*ssy, he couldn't even pull it off."
Skip to 2:20 to see the attempted dropkick.