Meet The Pyro is coming sometime this year, along with the Second Annual Saxxy Awards, and some other project for TF2 being worked on by Valve.
Earlier today, the Team Fortress 2 team posted on their blog several things to come for Team Fortress 2 in 2012. The three most noticeable things posted were:
1. SECOND ANNUAL SAXXY AWARDS
Not much of a surprise there. The 1st Annual Saxxy Awards had the word "Annual" in the title, so it's a no-brainer that they'd hold one in 2012.
2. A TOP-SECRET PROJECT (That isn't a hat nor map)
They announced that the team is working on a big project for TF2, and the only info they gave was that it's not a hat or map (Although, they mentioned the possiblity of it being Hat-Map Hybrid, but quickly said "Nope, it's not that either"). Looking forward to it.
3. MEET THE PYRO
The 10th and (possibly) final entry in the Meet The videos, Meet the Pyro has been long awaited by fans. While the announcement of it releasing this year is new, Robin Walker, the man behind TF, mentioned in an interview a while back that "Meet The Pyro is going to look at the world through the Pyro's eyes". Very likely, this will answer some important questions, but they might also not answer any of them.
» Source: http://www.teamfortress.com
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