Dave Mustaine posted this on his site.
"I started last year in October working on a new record and was unsure if it was going to be a Megadeth record or the first record of my career-post Megadeth.
But there was too much good music that was written during the Megadeth era that was left incomplete and unreleased that I had written and I decided to assemble that music first. It is frikkin' heavy and most people that have been around are surprised it was never released.
Regardless of being unable to come to an agreement with the RIP line-up, I am excited to say that Chris Poland is in the studio with me in Arizona, working on this new record. Vinnie Colaiuta and Jimmy Sloas played drums and bass with me on this record and I should be done somewhere around the end of March. Don't worry, they rip!
I have heard the rumors and I don't pay them any mind; I know that the people who are saying they are "insiders" or have "inside info" are talking out their asses, and that some of them have been right by way of "a guess," but that's it. If these people say they are friends of mine and are disclosing private information about me, then I can tell you they are not considered a friend by me."
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