Buried deep in the Spinner article we linked to was this nugget:
Selway later told Spinner he will record his debut solo album in Radiohead’s studio in September.
He did perform two songs (“The Ties That Bind Us” and “The Witching Hour”) at the recent 7 Worlds Collide show in London. It was reported in 2007 that Phil would be working with producer John McCusker, though it’s unclear if that’s still the case. His website lists an upcoming album by Phil, but it’s not dated.
Here’s Phil performing “The Witching Hour” in London: