Ray Davies has revealed that The Kinks are working on a new album. - Source

Ray Davies-- you know, from the Kinks-- has lined up a handful of North American tour dates in support of his second-ever solo LP, Working Man's Cafamp;eacute;, out now on V2 in the UK and New West Records in the U.S. - Source

RollingStone has an article about a Kinks cover album and it's got a pretty decent lineup. The record is scheduled for an August release and features Queens of the Stone Age, Yo La Tengo, Damon Albarn, Matthew Sweet, Foutains of Wayne, Lambchop and more. Click on Read More for the full tracklisting. Jonathan Richman - Stop Your Sobbing
Queens of the Stone Age - Who'll Be the Next in Line
Fastball - Till the End of the Day