According to the Associated Press, the estate of the late Ian Fleming has selected British author Sebastian Faulks to write a new James Bond story. Faulks' novel, Devil May Care, is due to come out in 2008, the centennial of Fleming's birth. I don't know anything about Mr. Faulks, but I was encouraged by this quote from the AP's interview with him:

"In his house in Jamaica, Ian Fleming used to write a thousand words in the morning, then go snorkeling, have a cocktail, lunch on the terrace, more diving, another thousand words in the late afternoon, then more martinis and glamorous women. In my house in London, I followed this routine exactly, apart from the cocktails, the lunch and the snorkeling."

If nothing else, he sounds like fun.

[Source]