Sadly minus guitarist Andy Taylor (and sadly with the additional producing help of Justin Timberlake), Duran Duran is putting the finishing touches on a new CD that is now officially set for release in May.

The album doesn't have a name yet and it will feature only minimal work by Taylor, who -- unhappy about Timberlake's participation -- left the band earlier this year.

"I truly wish him well. You never say never with these things. We may end up playing with Andy another day in the future," Nick Rhodes told Billboard.com this week. "For now, we'd done another five years together and I guess that seems to be our attention span. It was five years the first time and five years this time."

A summer tour is planned to support the album. No dates have been announced. Duran Duran also will perform July 1 at London's Wembley Stadium in a tribute concert to the late Princess Diana. That concert, which also features Elton John, sold out within 30 minutes of tickets going on sale.