Although there have been many reports that Jigga's "Blueprint 3" would be coming soon, Jay-Z says he is taking his time. "For me, the process of making an album is difficult with so many things going on," Jigga says. "And me, I wanna make it beyond and above. I'm gonna take my time with it. I don't have any quotas, and that's a good thing. It may be too freeing. It's a good thing and a bad thing. You know, I think I need some restrictions. 'Cause if I had restrictions, I would have done it in three weeks. I would have made what I believe to be a great piece of art. I actually recorded a lot of records already. You know, all those records that leaked [online] were on The Blueprint 3."
Previously Kanye had said he recently finished Jay-Z's album, even giving a release date. "I'm constantly making music. We almost finished with Jay album." Kanye said "We almost finished before I even dropped my album. Jay album is coming in February." Kanye is producing most, if not all, of the album. Jay-Z says he will leak the finished version of "Jockin Jay-Z" soon as he ads a third verse.
Source: http://www.rapbasement.com/jay-z/012209 ... int-3.html