They have seemed a bit dormant since TLC. Logically they seem to be continuing with the Ryback feud (since they keep attacking him), but what are they building towards (if anything)? Hopefully not Ryback/Shield handicap...Like ellthom said, individual feuds would be nice (while of course keeping them a stable), kind of like nWo in 2002 (Hogan/Rock, Hall/Austin, etc.)
The Shield are headng in no direction they have barely been featured on the past few Raw episodes. They should just be released
If you ever wonder why you have so much red rep then you need wonder no more.
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CM Punk - Dolph Ziggler - Daniel Bryan - Cody Rhodes - Damien Sandow - Seth Rollins - Wade Barrett - Dean Ambrose - Roman Reigns - Christian - Alberto Del Rio
Shawn Michaels - Stone Cold - Chris Jericho - The Undertaker - Bret Hart - Roddy Piper -- Mick Foley
Yokozuna - British Bulldog - Macho Man Randy Savage - Eddie Guerrero
Have Ambrose do something sick to Ryback and begin a slow-burn face turn for Rollins and Reigns. Play up the idea of them being subtly disturbed by Ambrose. Don't rush it, but get it into the fans minds that he's batshit insane and the two other guys are starting to get frightened by his worsening mental state.
They absolutely don't need to break-up or go solo yet, but having a more direct focus than 'injustice' and 'attack random wrestlers every week' could give them added purpose - they're attacking Orton and Ryback frequently, but they're not really feuding with either. Even becoming Punk's official goon squad would give them some form of clear direction.
They'll help Punk retain the title at the Rumble and then they'll celebrate with Punk to show that they are indeed working for Punk. Maybe have them compete in the actual Rumble match.
Then at Elimination Chamber, The Shield will somehow obtain spots in the WWE Title match and along with Punk beat down on the other participants in the match and then have Punk try and demand for The Shield to lay down and get pinned, Roman and Dean lay down willing enough. However, Seth kicks up a bit of a fuss but eventually reluctantly does so, which will lead to some divide between The Shield and Punk and plant the seeds for the break up and a future Rollins/Punk feud.
Then at Wrestlemania, The Shield will be banned from interfering in the Punk/Cena WWE Title match and are given a six man tag match against Ryback and two other face superstars. Then following Mania The Shield begin to fall apart as a group and they all go their seperate ways.