Of course she is preparing new material. And she IS NOT choosing songs from other composer and then just singing. She owns her own material. She writes the lyrics, the music, she produce her own record. Her last studio album was in 2005, and her new will be in 2009. She always takes 4 years in between. And not like those desperate Rihannas kind of artists, that release one album, and the nxt year the other...Shakira is a real artist...
