We have one of they best ground yachting team in the world:
http://www.youtube.com/watch?v=1WyG0ZsJR6w&feature=player_embedded
We also have quite cool musicans, but main problem - they sing on russian, and since they use complicated poetic techniques its hard to translate at all.
Most popular trend right now is NoiZe MC.It was rap + acoustic/electtric guitar + freestyle. Songs mostly about trolling something like gangsta romantic, police, politicans, popmusic, or some fancy track about youth stuff like smoking pot - living in campus.
Track with subtitles: http://www.youtube.com/watch?v=54hZC9K0VjE
Also 5'nizza was cool (actually Ukrainians): http://www.youtube.com/watch?v=5bpnphArgSw
Yea, if someone didnt knew - theres many nationalityes living in Russia, some of ethnic rock: http://video.mail.ru/mail/black-detector/11/1913.html