Wtf, a whole year from now? That's kinda... ludicrous.
Well, I am only speculating. Unless the guys record the whole album proper in January, I doubt we'll see it sooner than summer. Remember, because of various engagements by the band members, the first album took a year between recording and release, so it's possible this could be the same.
Also, you have to take in to account that Neal and Mike will be gearing up for PN14 Cruise and the TA tour, and I'm sure Steve Morse will be getting ready for the Deep Purple tour in February, so I can imagine January being a VERY busy time for them. With THAT in mind, and if Dave and Casey are available, April might be the next best month for them to record TOGETHER (although, with the writing done, they COULD just record separately and send them all in).
But worst case scenario,they all get together again in April to record for a week or two, then it takes 3-5 months for mixing/mastering/producing, leading up to a Fall or Winter release. Just trying to be realistic and not get my hopes up for a Spring or Summer release from them. So while it is a bit ludicrous, I'm ready to wait. I recall reading MP's studio diary for this then-new supergroup, only to find out that the material wasn't going to be released until a year AFTER the studio sessions!!! It was a BIT frustrating, but I think it was worth the wait.
-Marc.