Acording to XXL, Q-Tip announced that both he and Common are forming a new group called The Standard and will be releasing an album. Below is taken from the XXLmag site:

In an exclusive interview with XXLMag.com, A Tribe Called Quest frontman, Q-Tip, reveals he’s forming a new group with Common entitled The Standard. “Me and Common [are] getting ready to form a group,” ‘Tip tells XXLMag.com. “We’ll probably run it through the Uni [Universal Records] joint because we’re both on Universal.” According to The Abstract, it was Common who suggested the two from a group. “It was more of his suggestion,” he says. “He was like, “We just need to do a record.” So I’m really excited about that.” While the two haven’t started recording together yet, The Standard will start churning out material once the two starting touring together in a few weeks. As far as the production on the album, though, fans can expect Q-Tip to handle the majority. “I’m probably gonna do a lot of it,” ‘Tip says. “And we’ll get Kanye [West] on a couple things, but you know, that cat is busy.”