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The short version: The group in question made exactly one album (which sank like a stone, unheralded) although they also backed John Cale on his first post-Velvets LP. And the band's lead singer/frontman went on to be a well-respected New Wave phenom and scenester. He's still active, too; in fact, he was on Letterman just last month.
In any case, the Woodstock-ian country rock on the commercial flop album in question doesn't seem to have a lot to do, style-wise, with what the lead singer/frontman has done subsequently.
As always, a coveted PowerPop No-Prize will be awarded to the reader who first guesses the band and the lead singer/frontman's identity. And no Googling!!!!
I should also add that I was able to score the album courtesy of our chum Leonard over at the estimable Red Telephone 66; once you've figured out who's responsible for the track, please head over there and give him and the site some love. Or money, via the fundraiser now in progress.