According to MTV, Muse frontman, Matthew Bellamy, confirmed exactly how Muse will take part in the New Moon soundtrack:
“He [Chris Weitz] wants a rendition of that [I Belong to You], but the only thing with the new film is they want the songs to be exclusive to the film. So he’s asking if I mind doing, or if we mind doing an alternative version of it.”
Bellamy said the band is up to the challenge. “I think it’s all right. … If it was one of the main tracks on [our] album, I would never do it,” he said. “But it’s actually one of the weirder tracks on the album … one of the ‘can’t believe we got away with it’ kind of tracks. I think it might be worth giving it a go [because] it’s a track that might not get played live very often … so it might give that track some life that it wouldn’t have otherwise.”
Check out the rest of the details on MTV.

According to an exclusive on Take 40, the Used are on the New Moon soundtrack:

It looks like the Kings of Leon will not be on the New Moon Soundtrack, at least according to a quot from teh band that appears in Billboard.
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