The song I'm listening to right now is called "Perfect Clarity, Perfect Cut." Gray's guitar is swathed in delay and reverb from a bygone era, Behrenhausen's drumming is restrained in service to Gray's memorable melodies, and an organ grounds the proceedings with its gentle hum.
There's no MySpace for the project yet, so you'll have to track down Gray and ask him directly, if you want to hear what the pair is up to. If you enjoyed Maraca Five-O and/or Blue-Blooded Girls, you're likely to dig this.