Thanks for the opinions. I've done some research and it is just the lead singer and founder who has died. The other band members are still alive. The band was in existence for 7 years and 1 of the members went on to play in a pretty famous band in the 70s.
I really just stumbled onto this and registered the domain because it seemed like a decent 2 word combination and had NO idea that this was a rock band from the 60s/70s.
The band is on Wikipedia and their music is available on Rhapsody, Last.fm, msn music etc, but I haven't found an official site for the band (primarily I guess because they broke up 30+ years ago) and there isn't a fan site for them either.
So a fan site would be ok? Their music is pretty good, but I don't want to do something illegal or face challenges in the future.
If Adsense/links would be a problem, then I wouldn't have an issue with not having any ads on the site