Here is an interesting video of the three Irish priests who have signed with SonyBMG for a CD to be released in November 2008. The hype is certainly there! It looks to be a series of popular favorites, rather than a push into consistently serious liturgical music but I do note that absence of a certain type of praise music from the promotional material -- a notable fact!
Much of the same material appears on this BBC broadcast:
And here is a very nice version of Ave Maria with pictures of the priests at the Vatican. This clip looks encouraging.