Pat Rothfuss has finished the first draft of The Wise Man's Fear, the sequel to his mega-selling debut, The Name of the Wind. The process of editing and rewriting will now begin, but at last the process of getting the book onto the shelves is now underway. My guess is we will see the book on shelves within the year, possibly somewhat less than that.
No word on Scott Lynch's progress on The Republic of Thieves yet.
EDIT: I'm actually hearing there may be good news in a few weeks about Lynch as well, but I suspect it will mean scrubbing the book off your 2009 calendars.