The Magnetic Fields recently announced their new record entitled Realism, to be released on Nonesuch Records on January 26, 2010. See its cover above.
About the record, Mr. Merritt says he views it as a companion to 2008's Distortion. A bevy of insight into Mr. Merritt's process with the record can be found here, (where one also has the option to preorder the record on CD, vinyl, or MP3). Of particular interest is the presence of Johnny Blood on tuba, who has not appeared on a Magnetic Fields release since 1994's Holiday.
The Magnetic Fields have also announced a 2010 tour, starting February 4th. See the dates and find links to purchase tickets here.
Stephin recently contributed a track to Stroke: Songs for Chris Knox. Stephin does a cover of the Tall Dwarfs song "Beauty." Chris Knox contributed vocals to The 6ths song "When I'm Out of Town," from 1995's Wasps' Nests. Stroke was recently released in New Zealand, and will be released via Merge Records in February 2010.