DJ Premier recently stated in an interview with 944 / The Examiner that he will re-team with KRS-One for a new album called Return of The Boom Bip (that’s “BIP”, not “BAP”), as well as his other plans for 2010:

Year Round Records is my label for 5 years strong. We have a NYG’z album coming out. They have an album that came out in 2008 called Welcome to G-Dom, more of a compilation type of an album with me bringing up the body of it and they did their own thing while I was on tour with Big Shug of Gangstarr Foundation. We’re also working on his album called Blue Collar. Also Nick Javas from Jersey, his album is called Destination Unknown—a very good album. I got Khalil from Houston, Texas–Missouri City to be exact. His album is called My MC Name is.… I’m also doing my DJ Premier album, MC Eiht, and Young Maylay. Also KRS-One and DJ Premier, we’re doing Return of the Boom Bip. Not ‘Boom Bap’, ‘Boom Bip’. Shout out to Q-Tip who is already on it. Grand Puba and Ice-T who are on it, it’s going to be one of the illest album’s of 2010! [Source: The Examiner]