According to this article in the Sacremento Bee, those auditioning to be on the new Todd album will be helping him record versions of songs by artists he's previously produced ... with a dance beat...
'Rundgren threw the campers a curve Monday by announcing that the songs they'd record on the Gigatone album – remakes of hits he produced for other artists such as the Psychedelic Furs' "Love My Way" and Meat Loaf's "Two Out of Three Ain't Bad" – would be set to a dance beat to reflect contemporary radio.'