I'm pretty in the loop here, so maybe I can shed some light on this. They've been working on the album off and on for half a decade, and have had plenty of set backs, like health, lineup changes, changes in weather patterns, etc., but it's pretty much a guarantee that the new album will be out by fall of '09.... barring any setbacks of course.
As we all know, Dragonlord is priority two, and Testament will always be Eric's real band.... even if Dragonlord is the only band gettin new material out since Clinton was in office.
Oh yeah, and there's a few new hoodies in the Merch section!!!!!!!!!! That should keep everyone entertained until the next album.