01/14/2013 09:11 am ET Updated Jan 29, 2013

'The 20/20 Experience': Justin Timberlake Reveals New Album Details (UPDATED)

Justin Timberlake revealed new details about his upcoming album in an open letter posted on his website. The singer dropped his first original single in years, "Suit & Tie," late Sunday night. The song is the lead single of Timberlake's upcoming album, "The 20/20 Experience."

The album is due out "this year," according to Timberlake's letter. The rest of the missive mostly explains how the project came about. Timberlake says he found himself fiddling around in the studio and not expecting much to come out of it. Alas, there's a single with Jay-Z and a whole new album.

Read the text of Timberlake's letter below and listen to "Suit & Tie" above. Are you excited for the "Sexy Back" singer's return?

An Open Letter to you (the fans):

I hope this gets to you the right way. It's the only way I know to do it. Some people may criticize me for the last 3 days. But it was fun, right?? Right?!?! Besides, I'd rather speak directly to all of you. And, who can knock me for having a little bit of fun with it?

Well... No more teasing. Although, it was A LOT of fun. (Did I mention that I'm having fun with this?? Ha!)

*Makes a serious face*

So, here goes:

This year is an exciting one for me. As you probably have heard through the "grapevine," I'm gearing up for a big 2013.

Back in June of last year, I quietly started working on what is now, my next journey with that thing I love called MUSIC.

The inspiration for this really came out of the blue and to be honest, I didn't expect anything out of it. I just went into the studio and started playing around with some sounds and songs. It was probably the best time I've had in my career... Just creating with no rules and/or end goal in mind and really enjoying the process.

What I came up with is something I couldn't be more excited about! It is full of inspiration that I grew up listening to and some newfound muses that I've discovered along the way.

I'm calling it "The 20/20 Experience," and it's coming out this year.

I hope you enjoy listening to it as much as I enjoyed making it.

That's all I'm giving you for now... I know, I know! Again, with the teasing!!!

Get ready. This is going to be fun (well, at least it is for me).

UPDATE: Justin Timberlake's "The 20/20 Experience" will be released on March 19.

Justin Timberlake, Then and Now