As noted earlier, CM Punk is currently taking some time off to address several injuries, as well as to allow his knee proper time to heal. Earlier reports suggest that Punk may be off until SummerSlam season, however WWE is advertising Punk for several events this summer.
WWE removed Punk from all Raw tapings through May 13th but is scheduled to appear at the May 13th Raw taping, and most of the following Raw tapings throughout the summer. Also, while Punk is not listed for the Extreme Rules pay-per-view on May 19th, he is appearing on the event screens on WWE.com for the Payback, Money In The Bank and SummerSlam pay-per-views.
Punk has also been removed from most Raw house shows. However, he is advertised for the Raw overseas tour in Japan and Australia in early July.