As you may or may not know, I am also a rather huge Over The Rhine fan.  On May 17, the band will begin recording in Pasadena with Joe Henry producing.

Possibly even more exciting is the fact that the band is financing this project via donations on their website.  There are several levels available, including some reasonably-priced access to demos recorded at their Nowhwere Farm and a deluxe package of the final product.  If you have a few grand eating away at your pockets, you can even get an Executive Producer credit on the album!

(Many thanks to Josh Hurst for the tip, as I completely missed this exciting news.)