In the five years of this thread, this is a first. Cheboygan, Michigan has a new radio station. 97.7 WQEZ-FM signed on the air on November 5, 2011 as "Santa 97.7." Christmas music will play commercial free until after Christmas. No word yet what WQEZ's regular format will be.
Bad news? No webpage and no online listen source that I have found. Feel free to search for one and beat me to the punch!