James Mercer (of The Shins) and Danger Mouse forming a band

This is cool news:

To be clear, this is not just a "produced by Danger Mouse" one-off thing. Mercer and the Mouse are apparently in it for the long haul and already have plans extending past their first album. The pair recently collaborated on the Danger Mouse/Sparklehorse album Dark Night of the Soul. Our review hailed the Mercer track, "Insane Lullaby", as "one of the finest moments on the album."

ANd if you want to hear Insane Lullaby, you can listen to it here (just right click and save for the mp3).