Dreamcolour:
http://listentocolour.com/09/music.php
These guys weren't born this year, but they're pretty new, and I like them a lot. Awesome live and on tape. Allegedly just released a new tape but I havn't seen one yet. Definitely west coastal psych, but deeply into the free-est "spiritual" deepest jazz. Fun to hang out with too. Wish I still lived in the same county as these guys.
lots of incestual band member overlap at their tape label:
http://deeptapes.com/