From his diary entry:
So, King Crimson is in motion. This is a very different reformation to what has gone before: seven players, four English and three American, with three drummers. The Seven-Headed Beast of Crim is in Go! mode.
The 8th incarnation of King Crimson will be Gavin Harrison, Bill Rieflin, Tony Levin, Pat Mastelotto, Mel Collins, Jakko Jakszyk and Robert Fripp.
Fripp says they should reappear about 1 year from now. I'll be waiting.