Beirut frontman Zach Condon today announced he's part of a new band called Volcan Flamingo. The other members of the group are Tim Kingsbury of Arcade Fire, Josh Todd of Bark Cat Bark and Julian Koster of Neutral Milk Hotel. Supergroup! The band will release a vinyl limited to 500 copies on the record label 4AD in the summer of 2010.
Edit: This is now unfortunately confirmed to be a made up story :(