From The Guardian:
Best known for his quadriplegic detective Lincoln Rhyme, the star of books including The Bone Collector and The Stone Monkey, Deaver has been commissioned to write a new Bond novel by Fleming's estate. Currently known as Project X, the book will be set in the present day, unlike Sebastian Faulks recent addition to the Bond oeuvre, Devil May Care, which took place in 1967.There is an official website James Bond Project X.
Apart from its contemporary setting, Deaver was giving little else away about the plot, but revealed it would occur over a short period of time and take 007 to "three or four exotic locations around the globe". He has already started writing the book, which is out next May, and promised it would retain "the persona of James Bond as Fleming created him and the unique tone the author brought to his books", while also incorporating his own "literary trademarks: detailed research, fast pacing and surprise twists".Fleming's estate was moved to approach Deaver after he raved about the Bond books in an acceptance speech for the Ian Fleming Steel Dagger award.