That's just freaking great by any objective standard, and I say that as somebody for whom R.E.M.'s Murmur is one of his top twenty favorite albums. I should add that the brilliant production is by Mike Nesmith's son Christian, who also did spectacular work on Dolenz' 2021 album of Nesmith covers.
Meanwhile, as a little postscript, please enjoy this video of Dolenz and the R.E.M. guys celebrating the release of the new album in their old stomping ground last week.
I gotta say, if you had told me back in the 80s, when R.E.M. were the hippest alt-rock band in the universe, that something like the above would actually happen, I would have accused you of huffing drugs more potent than any I had ever imagined.