As seen on Euro Crime. after almost two years of speculation, Ian Fleming's family has announced British author Sebastian Faulks as the next Bond author. Faulks's novel, Devil May Care, will be published May 28, 2008, the centennial of Fleming's birth.
According to Telegraph.co.uk:
[Faulks] would say little about his 007, other than it is set in 1967, the year after Fleming's final Bond book - a collection of short stories called Octopussy and the Living Daylights - was published posthumously.
Faulks said: "In a sense it is the return of the gunfighter for one last heroic mission.
"He has been through a lot of bad things. He is slightly more vulnerable than any previous Bond but at the same time he is both gallant and highly sexed if you like."
It sounds like this will be a standalone, which strikes me as a good way to go.
Telegraph also compares Faulks' and Fleming's vital stats.