Check out "Down By The Water", which is our first glimpse at the next Decemberists album, The King Is Dead. The album itself isn't going to fully surface until early next year on the 18th of Jan. Thankfully this preview should keep your urges in tact for a little longer as you eagerly await the follow up to 2009's The Hazards of Love. The song features Gillian Welch and REM’s Peter Buck and is a nice listen but i'll let you make up your own mind below. If you head on over to their official website you can grab yourself the download for the small price of your email. Bargain. Thanks to Antiquiet and The Audio Perv for the heads up.