It's a very different style of music, but Todd Rundgren was pretty well known for employing this approach from time to time - with varying degrees of success. I couldn't tell you every release that he took that way, but there are several that I'm aware of. The most successful example (IMHO) of those TR records is Nearly Human, the least successful is probably Second Wind (IMO the record, ahem, blows).
Marty
Marty