I know there are several Moorcock fans on here, and I'd not heard anything about what he was doing these days, so I nipped over to Moorcock's Miscellany to find out. Apparently, he's "retired". Which means he's only got about two dozen things which should be coming out within the next year or so....
At any rate, for those interested, here's a link to the site and that specific section:
Forthcoming Work - Moorcock's Miscellany
And it looks as if I'm right... there's new material to be included in new editions of the Elric books....