According to soundgenerator.com, a GNR record might actually be released:
"It has been more than seven years in the making, but the musical equivalent of The Lost City Of Atlantis - Guns 'N' Roses 'new' album 'Chinese Democracy' - will be out by Christmas, according to London radio station XFM. A number of tracks from the album, including 'Madagascar' and the title track, have been played at GNR's extremely rare live appearances - including their last show in Britain, at London's Docklands Arena in August 2002. But the much-rumoured, long awaited studio album has failed to make an appearance thus far. That may be about to change. An unnamed employee at Universal Music Group has been quoted as saying 'Chinese Democracy will be out by Christmas. I am quite certain of that.'"
I feel pretty rat's assish about the whole thing but I like the rumored song titles, especially "Catcher in the Rye." Hope this story isn't a phony.