1 - Go to wikipedia: http://en.wikipedia.org/wiki/special:random
The first article that comes up when you click the link is the name of your band.
2 - Go to Random quotations: http://www.quotationspage.com/random.php3
The last four words of the very last quote of the page is the title of your first album.
3 - Go to flickr: http://www.flickr.com/explore/interesting/7days/
Third picture, no matter what it is, will be your album cover.
4 - Use photoshop or similar to make an album cover!
Here's mine, due out in the autumn:
