The art on the album cover is a painting called Landscape With Graves by Caspar David Friedrich, a famous German painter who was beloved by Nazis.
You've probably seen this painting before by the same guy. I've seen a lot of twitter Nazis using this painting.
The alternative album cover that he released was a Reichsadler, double-headed eagle crest.
Kanye held a concert on December 11 in Miami. He performed on stage in black-colored Klansman robe. There was at least a few right-wing grifters (Adin Ross, Sneako, etc) in the crowd.
He's announced that his new album is being released on this Friday. The pre-order is already on iTunes. I'm not sure if it actually will be release on Friday, he has a tendency to delay releases.
From what I have observed, Kanye is still being antisemitic. Baked Alaska posted a photo of them together on December 10. It is very likely that the album will be antisemitic and contain far-right messaging.
I'm worried that the album will be received positively by the hip hop community. If Kanye becomes popular again, it could normalize his cryptic love for Hitler.