from pitchfork:

[URL=http://www.pitchforkmedia.com/article/news/46015-new-radiohead-album-aaaaaaahhh]NEW RADIOHEAD ALBUM AAAAAAAHHH!!![/URL]        
Update: Now with actual details               [/URL] TODAY IS A GREAT DAY! First, the Phillies clinched the NL East for the first time in 14 years! YESSSS!!!
[URL=http://www.radiohead.com/deadairspace] AND NOW THIS!!![/URL]
  Hello everyone.
Well, the new album is finished, and it\'s coming out in 10 days;
We\'ve called it [URL=http://www.radiohead.com/]In Rainbows.[/URL]
Love from us all.
Jonny
  Yup, that\'s right. A new Radiohead album, out October 10! Nice surprise, huh? It\'s called In Rainbows, duh. And it appears that Radiohead have chosen to not sign with a record label and are releasing it themselves via their website, at least for now.
  And that\'s probably the least crazy aspect of this whole thing.  
  You can pre-order it from their website right now as a download or a "discbox." What\'s a discbox? Why, it\'s pretty sweet:  
  "THIS CONSISTS OF THE NEW ALBUM, IN RAINBOWS, ON CD AND ON 2 X 12 INCH HEAVYWEIGHT VINYL RECORDS.
A SECOND, ENHANCED CD CONTAINS MORE NEW SONGS, ALONG WITH DIGITAL PHOTOGRAPHS AND ARTWORK.
THE DISCBOX ALSO INCLUDES ARTWORK AND LYRIC BOOKLETS.
ALL ARE ENCASED IN A HARDBACK BOOK AND SLIPCASE.
THE ALBUM DOWNLOAD AUTOMATICALLY COMES WITH THIS PACK."

   
 Daamn, that\'s awesome! And even though the discbox doesn\'t ship until "on or before" December 3, you can get the download starting October 10.
 But what\'s the catch? It costs ?40.00 including postage-- no matter where you live in the world. Which for us Yanks means about $81.00. Of course, this is Radiohead we\'re talking about, so money is no object, right? Right.
 And lest you think Radiohead are ripping their fans off, check this out: If you order the download only, you can pay HOWEVER MUCH MONEY YOU WANT for it. Like, there\'s no set price. Like, I just paid eight bucks for the new Radiohead album. Maybe you can pay zero dollars?
  Check out the tracklist:
  CD one and vinyl:

01 15 STEP
02 BODYSNATCHERS
03 ****
04 WEIRD FISHES/[URL=http://www.pitchforkmedia.com/article/download/45062-radiohead-arpeggi-live-at-the-ether-festival-stream]ARPEGGI [/URL]
05 [URL=http://www.pitchforkmedia.com/article/news/37039-youtube-radiohead-all-i-need]ALL I NEED[/URL]
06 FAUST ARP
07 RECKONER
08 HOUSE OF CARDS
09 JIGSAW FALLING INTO PLACE
10 VIDEOTAPE

CD two and vinyl:

01 MK 1
02 DOWN IS THE NEW UP
03 GO SLOWLY
04 MK 2
05 LAST FLOWERS
06 UP ON THE LADDER
07 BANGERS AND MASH
08 4 MINUTE WARNING
  So yeah, lots of stuff that we expected.
   
  "Haha, the entire record industry is so ****!"

well, that\'s a fantastic surprise! although, i do have to say, they better release a CD-only version of it, cause there\'s no way i\'m dropping $80 on it. if they don\'t, i\'ll just download it.

well, that\'s obviously going to be a purchase. damn, most expensive radiohead thing I\'ve bought since I I got the running from demons japanese import. Oh well. :shrug:

more:

Okay people! Take a couple deep breaths, count to 10, switch the caps lock off, clean up the triple espresso you just spit all over the computer screen, and check this: that new Radiohead album, In Rainbows? The one that the world knew practically zilch about 24 hours ago? The one that drops digitally (DRM-free, no less!) in nine days, for a price of your own choosing? The one that\'s also coming out in a deluxe "discbox" in December? Well, it\'s also coming out in good, old fashioned CD format early next year.

No word on when exactly or through which label-- if any label at all-- but that\'s the news thus far from the band\'s publicist.

So, let\'s sort this whole mess out, shall we? You will eventually have three ways to pick up the seventh Radiohead LP, the Nigel Godrich-produced In Rainbows. It all depends how much you want to pay, which goodies you\'d like, and how soon you want the tunes. Observe:

1. As a DRM-free mp3 download, beginning October 10 (and available for preorder now), via http://www.inrainbows.com (interestingly enough, last week\'s RickRoll, http://www.radioheadlp7.com, now directs here as well). This version contains the 10 tracks that comprise In Rainbows, and you can pay whatever the hell you want for it. This is basically the band leaking the album and asking you for a donation to access it.

2. As part of a deluxe "discbox", available for preorder now and shipping in December. In addition to the 10-track In Rainbows on CD, you also get the release on LP and as a digital download, plus an enhanced bonus CD packed with eight more tracks, photos, and artwork (and an LP of the bonus tracks), plus art and lyrics booklets and some nifty looking packaging. This thing costs £40.00/$81.00.

3. As a traditional CD, available in early 2008. This will presumably cost as much as traditional CDs tend to cost.

What Radiohead\'s doing here is actually pretty cool. Rather than preface their new album\'s release with the usual three months of press ballyhoo, only to have it leak at some random time before it comes out, they\'ve kept it completely under wraps, then essentially gone and leaked it themselves. What\'s more, they\'ve turned this into a moral question of sorts, by giving us the freedom to pay actual money for what amounts to an album leak.

Only a band in Radiohead\'s position could pull a trick like this. Well played, gentlemen.

2 cents per cd is about what any band releasing a cd through a big label makes anyways.

Thats pretty awesome, paying whatever you want to download it off their site!

I might not even look at torrent search engines now, I\'ll just be patient and give them a buck or two.

I wonder what this album will be like hahaha you never know with these guys.

Reminds me of public radio.  A few times a year they ask you for a donation, as to what you feel their services are worth, and thats how they pay their bills.  Should be interesting to see how this works with music.  I seriously bet they can make more money per CD this way than releasing it via big label.

very interesting...but once ITUNES takes a cut, the lawyers get their hands on some, mangement, publicists, the studio time gets paid back and a million other expenses, the band will get......

This is an interesting idea but I hope fans will do more then a buck or two.  Can\'t wait to hear the music and see how this pans out.

yea, plus if they made the album themselves, in their own studios on there own time and produced it themselves, then there would not be all the label hierarchy taking a cut, so if they usually only make 2 cents a copy and they sell it for 2 cents, they are still breaking even. **** brilliant.

Still planning on getting the big box set thingie in december, comes with the download included.  You really don\'t know with radiohead though. Still I know **** and that\'s a great song. Rest of them look new to me.