NME.com carried a report earlier this week that it would be released in the USA on May 6th, and in Britian the following day. Oasis' official site has flatly denied this, and states that the album may not be out until late summer.
The album , provisionally entitled "Heathen Chemistry" was due out late last year, but Noel Gallagher delayed the release, as the songs "simply were not good enough".