There is NO released name for the new RHCP album as of yet.
There is a joke/working title for the album which is Dr Johnny Skinzs Disproportionately Rambunctious Polar Express Machine Head which Anthony Kiedis mentioned in an interview for SPIN magazine but it is not the final album name (the link above gives more information on this e.g. quotes from the interview).
Yesterday, AOL Radio made a post saying that the new album was going to be called New Dynamic. However, on closer examination of their article, it appeared that they had mixed up information from the original Kiedis interview with SPIN and had mistakenly come up with an incorrect title that Anthony had not mentioned at all! AOL Radio has since withdrawn the article e.g. they were putting out Tweets yesterday:
@AOLRadio: We are retracting the story – “New Dynamic” is NOT the name of the album. Sorry for the confusion.
Hope that helps people asking about this; sorry we still have to wait to find out what the new Red Hot Chili Peppers’ album will be called.