Their eponymous debut album will be released November 17th, 2009. It has been described as bluesy, a little funky, and just plain original.
According to a recent interview with Grohl, the idea came when he was celebrating his birthday at a reserved bar with a medieval theme. He asked Homme and then they asked JPJ. It seemed that no one was busy or binded to anything else, so the band was made. An official tour was announced for October and December on September 1st. It includes North America and the UK. Tickets for the tour were sold out within minutes in the UK, and more locations for the tour include Germany.
This is probably one of the best things that happened in the first decade of the 21st century, and will certainly end this decade with a bang.