We present a new phenomenological approach to nucleation, based on the combination of the ''extended modified liquid drop'' model and dynamical nucleation theory. The new model proposes a new cluster definition, which properly includes the effect of fluctuations, and it is consistent both thermodynamically and kinetically. The model is able to predict successfully the free energy of formation of the critical nucleus, using only macroscopic thermodynamic properties. It also accounts for the spinodal and provides excellent agreement with the result of recent simulations. DOI: 10.1103/PhysRevLett.93.165701 PACS numbers: 64.60.Qb, 82.20.Db, 82.60.Nh During the last decade, there have been significant advances in the theory of nucleation. These have included the use of the i; v cluster [1], the Fisher droplet model [2,3], the application of density functional theory (DFT) [4], scaling relations [5], the introduction of dynamical nucleation theory (DNT) [6], and many impressive simulations [7,8]. Most of these developments require the use of an intermolecular potential, unfortunately not reliably available for most substances. For this reason, workers have continued to rely on the classical nucleation theory (CNT) which, despite its theoretical shortcomings, requires only macroscopic thermodynamic parameters.Recently, we developed a model, the ''extended modified liquid drop'' (EMLD) model [9], that was able to reproduce with remarkable accuracy the properties of very small confined systems, without the use of an intermolecular potential. In this Letter, we present a new approach to nucleation with very useful properties, based on a combination of EMLD with DNT [6]. The new model does not require information concerning intermolecular potentials but, instead, using the same macroscopic parameters as CNT, is able to predict the spinodal. Moreover, it provides very good agreement with recent simulations of nucleation in Lennard-Jones systems [7] and fulfills scaling relations recently proposed in the literature [5].EMLD focuses on the behavior of a very small ''canonical'' system of N molecules confined to a spherical volume V of radius R, at temperature T. Under appropriate conditions, a liquid drop can form inside V. The drop itself, modeled according to the ''capillarity approximation,'' is assumed to contain n molecules and to be surrounded by an ideal gas, constituted by the remaining N ÿ n molecules. Under these assumptions, the free energy of formation F n of the drop containing n molecules, at a fixed position within the container, can be evaluated by thermodynamic means alone, yielding [9]