Donald's new album has mainly been recorded "away from studios" and is, once finished, set for release in 2011.
These are the main news in this Reuter's article published by numerous sites today. You can read it here.
UPDATE January 4, 2012:
Since we just noticed a link to this blogpost from the Wikipedia page on Donald Fagen we thought we might update it with what news there's been inbetween:
October 1, 2010: Donald Fagen friday quips
July 7, 2011: Dukes of September (Fagen, McDonald, Scaggs) touring in 2012
July 27, 2011: Donald Fagen in the studio
October 1, 2011: No Dukes of September DVD/TV
That's it for now! As 2011 passed without any more news about the solo album most feel sometime in 2012 is when it will arrive. Maybe Donald will play a couple of new songs on the yet-to-be-annnounced Dukes of September tour?
UPDATE February 5, 2012: As we've written in the comments to this post we mixed up the fan page joke about the new Fagen album with the title listing on Wikipedia. Two different things. As we'll sort out in a blog post later today. A post we'll link to here.
UPDATE February 8, 2012: It took a couple of days extra but here's the promised blog post.