I love the shins and this stuff is crazy good. actually I wished they stayed a bit more lo-fi. this stuff here reminds me of mr. malkmüs a lot, but also E6 as mentioned below. really awesome stuff so far.
apparently James Mercer was inspired by the Apples in Stereo and the Olivia Tremor Control and formed Flake Music because he wanted to make something similar... so probably why a lot of people hear similarities to NMH... (he said this when the Shins were "Live on KCRW's Morning Becomes Eclectic" on November 10, 2003... which I just realized I somehow have in my iTunes)