Mr.Rajaraman:
This is an excellent thread for discussing good malayalam film music for usual TFM lovers.I have a fairly good collection of semi and light classical m.film songs.If you e-mail me I can send some copies.This includes films of 60s and 70s too.
Recent films with vitage music include:
Surya gayathri-excellent film about a Palghat Brahmin family with Mohanlal,Urvasi and Major Sunderrajan as the former's father.Half the dialogue is in Palghat Brahmin tamil.Music by Ravindran is excellent especially the main song set to Abhogi.
Manichitra thazhukal too has great music with one tamil song in Kunthalavarali.
Ramamurthy