I don't know how many of these have been nominated before, but my ultimate picks are among them.

Galaxie 500 - On Fire
Rickie Lee Jones - Pirates
Broadcast - Haha Sound
Cocteau Twins - Heaven or Las Vegas
The Cure - Kiss Me Kiss Me Kiss Me
Gillian Welch - Time (The Revelator)
Laurie Anderson - Big Science
Marisa Monte - Verde Anil Cor de Rosa e Carvão
Marissa Nadler - Songs III
Me'Shell NdegéOcello - Bitter
Nico - Desertshore
Richard Hell & The Voidoids - Blank Generation
Roy Harper - Stormcock
Secos e Molhados - Secos e Molhados I
Scott Walker - Scott 3
Sleater-Kinney - Call the Doctor
The Smashing Pumpkins - Adore
Spoon - Girls Can Tell
Suzanne Vega - Suzanne Vega
Todd Rudngren - A Wizard, A True Star
The United States of America - The United States of America
Van Dyke Parks - Song Cycle
Van Morrison - His Band and the Street Choir
Yo La Tengo - Painful
Young Marble Giants - Colossal Youth

Kiss Me Kiss Me Kiss Me and Scott 3 have appeared before. I believe Call The Doctor was in the first one but I don't remember whether it lost in the first round, so it may be eligible.

Henrik said this year's update would only be a songs update.

Kiss Me3 will be eligible since it was a first round KO in MA1. Call The Doctor is not eligible (made it to round 2). Scott 3 is not eligible as it was in the last MA (2).

Here's a list of albums that were knocked out of the first round in the original Moderately Acclaimed competition. Provided there is no artist limitation, these albums will be eligible for MA3:

!!! - Myth Takes
Aimee Mann - Whatever
Annie - Anniemal
Betty Davis - They Say I'm Different
Bill Evans - Conversations With Myself
Bright Eyes - Lifted
Broken Social Scene - Broken Social Scene
Bruce Springsteen - Live 1975-1985
Cat Stevens - Teaser and the Firecat
Chuck Berry - Chuck Berry Is On Top
Curtis Mayfield - There's No Place Like America Today
Electric Light Orchestra - A New World Record
Elliot Smith - Figure 8
Foo Fighters - The Colour and the Shape
Fountains of Wayne - Fountains of Wayne
Interpol - Antics
Jerry Lee Lewis - Live At The Star Club
Johnny Cash - Unchained
Kings Of Convenience - Quiet Is The New Loud
Leonard Cohen - New Skin For The Old Ceremony
Lou Reed - The Blue Mask
Low - Things We Lost In The Fire
Matthew Sweet - Girlfriend
Milton Nascimento & Lo Borges - Clube De Esquina
Modest Mouse - The Moon And Antarctica
Nine Inch Nails - The Fragile
No Doubt - Tragic Kingdom
Okkervil River - Black Sheep Boy
Pavement - Terror Twilight
Postal Service - Give Up
Prince - Controversy
Queens Of The Stone Age - Lullabies To Paralyze
REM - Fables Of Reconstruction
REM - New Adventuers In Hifi
Soul Coughing - Ruby Vroom
Spoon - Kill The Moonlight
Super Furry Animals - Radiator
System Of A Down - System Of A Down
The Beatles - Let It Be
The Beatles - Magical Mystery Tour
The Boredoms - Super ae
The Byrds - Turn, Turn, Turn
The Cranberries - Everybody Else Is Doing It, So Why Can't We?
The Cure - Kiss Me Kiss Me Kiss Me
The Dandy Warhols - Come Down
The Decemberists - Her Majesty
The Decemberists - Picaresque
The Delgados - The Great Eastern
The Drive By Truckers - Decoration Day
The Flaming Lips - Zareika
The Hives - Tyrannosaurus Hives
The Hold Steady - Boys And Girls In America
The Hold Steady - Separation Sunday
The Killers - Hot Fuss
The National - Alligator
The Strokes - Room On Fire
They Might Be Giants - They Might Be Giants
Tom Petty - Full Moon Fever
Tom Petty - Wildflowers
U2 - Zooropa
Various Artists - O Brother, Where Art Thou
Vince Guaraldi - A Charlie Brown Christmas
Warren Zevon - Exciteable Boy
XTC - Oranges and Lemons

ps - letter code at bottom was: FUKU

Not sure about these, but I consider them probable (if they are eligible):

500-1000
Todd Rundgren / A Wizard, A True Star
Yes / Fragile

1000-1500
Rolling Stones / Tattoo You
Foo Fighters / The Colour and the Shape

1500-2000
Chicago / Chicago Transit Authority
Todd Rundgren / Todd

2000-2500
Allman Brothers / Brothers and Sisters
Cat Stevens / Teaser and the Firecat

2500-3000
Blink 182 / Enema of State
Santana / Supernatural

BU
Todd Rundgren / Runt: The Ballad of Todd Rundgren
Joe Jackson / Body and Soul

NR
Todd Rundgren / Hermit of Mink Hollow
Doobie Brothers / The Captain and Me

Two of those were in BMA1 but lost in the first round, I believe all of those are eligible.

Though, there is a rule that the same person can't nominate two albums by the same artist, so you'll have to pick one Todd Rundgren album.

It looks like the first round of foreign world cup is going to take 32 weeks, but it's only eight songs a week, so no need to wait for that to get this going.

Just please leave a big gap of time between bracket reveal and voting.

New timeline for Moderately Acclaimed 3:
Dec. 5th - Jan. 8th: Nomination process
Week of Jan. 9th: Bracket revealed
March 5th: First week of Moderately Acclaimed 3 begins

That leaves almost 2 months between reveal and voting. I'll get the particulars firmed up by this weekend.