Anyway James Gray waste his time. Take a look to the this photo.
Despite the fans going crazy to know some info, filming date, locations and stuff like that about his next movie, James Gray spends time on fashion party. Take a look to the photo and u'll see him sitting between two loafers.
http://www.imdb.com/media/rm2341965568/rg245602816
p.s.
if you look under the photo, you'll discover that IMDB links it not to James Gray but to James Grey, really bad times for the young director.