Not an official OCR project, but according to the rules I can still recruit here. Some of the staff of The Mega Man Network (http://themmnetwork.com) including myself are putting together an arrange album of the first Mega Man Battle Network game from composer Akari Kaida (breath of fire III, Okami, etc).
Some of our artists can't contribute as much they originally planned and we need more people on the project.
Here is a sample of some of the progress (not all WIP tracks are represented here and no tracks are in a 100% finished state)
http://bnproject.themmnetwork.com/audio/netbattle-preview2.mp3
The plan is to release the album for free on The Mega Man Network. If you have any interest in contributing to the project, send me an email at this address: mainfinger@gmail.com and we'll talk.
UPDATE: Also if you're interested please email me a link to an example of your work
UPDATE2: WIPs due July 1st
UPDATE3: with the new people joined we only have a few tracks left! Doubtful Mood, Loser, Game Over (just a riff, maybe could be combined into Loser), and possibly a bonus track of Kaze wo Tsukinukete (the theme from the anime) if somebody wants to do it.