Lead - Joe Satriani/Brian May
Bass - John Entwhistle (The Who)
Drums - Keith Moon
Keyboards - Rick Wakeman
Vocals - Rod the mod.
Course, when all this has been tried in the past it's failed miserably (though not commercially). See the Travelling Wilburys, where instead of bringing the best of everyone out, it seemed to just settle at the lowest common denominator for the band. Sad really.
Lead Guitar- Michael Angelo Batio
Bass Guitar- Steve Harris
Drums- Dave Mackintosh (Dragonforce)
Keyboards- Vadim Pruzhanhov (Dragonforce)
Vocals- Tim "The Ripper" Owens (Iced Earth/Judas Priest)
LG - Eric Clapton
BG - John Deacon
Drums - Keith Moon
Keyboards - Keith Emerson or Rick Wakeman
Vocals - Karen Carpenter
How about a 5 piece group where each member must be one from a seperate decade.
Mine -
LG - Clapton (I know a bit of a cheat considering he started with the Yardbirds in the 60's) (80's)
BG - Jack Bruce (60's)
Drums - Mick Fleetwood (70's)
Keyboards - Marc Cohn (90's)
Vocals - Joss Stone (00's) or Connie Francis (50's)