Update 1/30/2013: According to a press release from the The Recording Academy, six-time Grammy winnner Justin Timberlake will be performing at the 55th Annual Grammy Awards, on February 10th.
Update 1/24/2013: Watch a lyric video for "Suit & Tie," directed by Laban Pheidias, above. The 20/20 Experience will be released March 19th, according to a blink-and-you'll-miss-it flash at 5:19 (Rap-Up got a screenshot). Timberake's also announced his first comeback gig; he'll perform at a charity show on February 2 in New Orleans, the night before the Super Bowl hits the Superdome.
Update 1/14/2013: According to an open letter posted on his website, Timberlake started recording an album last June, to be entitled The 20/20 Experience and released "later this year." A teaser track called "Suit & Tie," featuring Jay-Z, is streaming on the singer's site and already available on on iTunes.
Previously: Justin Timberlake may be sitting on 20 new tracks, a "source familiar with project" tells Billboard, for an album produced by Timbaland. Late Wednesday night, the singer wrote on Twitter, "Thursday, January 10th, 2013 at 9:01 am PST...," teasing a possible track to be released today. Apparently we'll have to wait a bit longer to hear what he's working on, though. For now, Timberlake's big announcement comes in the form of the video below, which officially announces the forthcoming album. In the clip, Timberlake sheds some light on the break he's taken from recording since 2006's FutureSex/LoveSounds:
Someone asked me the other day, 'So are you just done with music?' It means more to me than anybody else in the world. Look, I've only done two albums in ten years. That's how I really look at it: What does the next decade mean for me? I'm the one who sits and is obsessive about it before you even get to hear it. As close as I get to it, I don't know that I could physically torture myself that much year in and year out and expect it to fulfill me in the way that it does and the way that it is right now. I don't want to put anything out that I feel like is something I don't love. You just don't get that every day. You have to wait for it. I'm ready.