Sounds like Prefuse 73 with a strong folk flavor. Hip-hop with melody and soul. Badly Drawn Boy finds Pro Tools. Most of the songs feel like their made up of found sounds, or a guy in his underwear sitting around in his sparsely furnished flat upstairs with a computer and a guitar. My favorite is Lovers' Carvings, which relegates the computer to merely a beat machine in the background, while Bibio's voice and guitar take center stage. Unfortunately, the intro to the song is about 90 seconds long and not as good, so fast forward past it to get to the good part.
Standout tracks: Ambivalence Avenue, Fire Ant, Lovers' Carvings, S'Vive, Dwrcan
Unfortunately, you can't get the full tracks on Lala this time, so listen to it on YouTube or just preview it.