From his website:
We've been working on changes to the website for the last few months. We'll be adding new sections as they're ready. The first one to be added is called Record Club, an informal meeting of various people to record an album in a day. An album will be chosen to be reinterpreted and used as a framework. Nothing rehearsed or arranged ahead of time. A track will be uploaded once a week on beck.com as well as through the web sites of those involved with the project.
For this first edition, after lengthy deliberation and coming close to covering Digital Underground's Sex Packets, all present voted in favor of the 'other' Underground's The Velvet Underground & Nico. Participants included this time around are Nigel Godrich, Joey Waronker, Brian Lebarton, Bram Inscore, Yo, Giovanni Ribisi, Chris Holmes, and from Iceland, special guest Thorunn Magnusdottir, and myself. Thanks to everyone who helped put this together, and to all of you for indulging in this experiment. More soon.
Check out his first song, the Velvet Underground's "Sunday Morning" here.