It is already out! Visit the related for the link to the videos.
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watchcartoononline.com or animefreak.com they both have naruto and naruto shippuden episodes in English dubbed and subbed
English dub: http://www.narutospot.net/shippuden-dubbed/naruto-shippuden-episode-53-english-dubbed/ English Sub: http://www.youtube.com/watch?v=JYSGNFS2g8A (hope it helps)
naruto shippuden episodes 1-4 are already out the next episodes are coming out late 2009
See the related website below.
Yes it is now dubed