The Main Drag is a band made up of 5 guys, four of which work at Harmonix (yep, the guys behind "Rock Band"). Their song, "A Jagged Gorgeous Winter," is playable is "Rock Band 2" and was used for a Target ad promoting the game.
Not really news, I'll admit, but what is kick ass is the music video they just put out. It's basically one giant (hopefully not legally actionable) homage to "Calvin and Hobbes," complete with sled, keytar and man-shaped tiger.
The Main Drag will be touring this month. You can check out the dates at their band page here.