Cynical or not, this has the ring of truth about it. Didn't Coldplay do something similar? I hope this isn't what happens and i don't think it will but you never know...
What seems clear to me is that, more than not knowing if the songs are ready, McGuiness and the band don't know what to do after having seen NLOTH selling "not bad", but ot having been a success, at least as predicted.
U2 could release right next month if they wanted to. I don't believe that band don't have a good amount of songs (most of them NLOTH leftovers) pretty ready to be mixed and released now, and that could probably match the concept of the SOA pilgrimage. I think they do. But do they want to do it?
I see many people here still believing in the SOA-concept thing going ahead. Im not sure anymore of that. And we know U2 changes its ideas very fast at this stage, specially after Bono's quotes about it.
We fans, know that NLOTH is the best album among years and that is one of those albums that people will discover as years go by. But did it generate hits? No. Did it sell well? [Yes, it was one of 2009's best sellers but...] No. Was it well received by the critics? Yes, but not as well as the predecessors [unfortunately, I don't know why].
U2 has lots of dillemas to face. To release a conceptual REAL album that critics and the public will like, but that don't necessarily mean it will be a success. And we know [and we have had tones of quotes that express it] that U2 would love to have another bunch of big hits and commercial successes in the bag. So, is really a new album what they want?
I still don't think that U2 and McGuinness has figured out that they're in the 50's, their career is in another stage of consolidation, that the industry has nothing to do with their "glory days" and that NLOTH's overall promotional strategy was wrong since the beggining and that's why it didn't succeed as expected.
For me, U2 is in a phase where they have to choose: do they want to still press the button of the "Biggest Band in the World" (which everybody is tired to know they are... maybe too much) by having lots of commercial successes and soldout stadiums or if they want to proove to the public that they're still artistically relevant? That's why I think that from 2009/NLOTH forwards on the next years, the answer is going to be given with the next steps.