Still can't enough of The Velvet Underground & Nico? Check out a few more cool things.
First, there is a book series you all should know about called 33 1/3. Various authors write about classic and/or interesting albums from all genres and decades. I am ashamed to admit I haven't yet read any of them even though I've intended to for some time. Anyways, there is a volume on The Velvet Underground & Nico that looks to be a great read. You can buy it from Amazon and read more about the series here.
I also wanted to share a few live clips I found. First, there's a stripped down acoustic performance of "Heroin" with just Lou Reed on guitar and John Cale on violin. The song loses a little of its dynamism, but it is pretty neat to hear how sweet it can sound. Similarly, I found an acoustic performance of "Femme Fatale" worth viewing. I especially love how Nico messes up towards the end and flashes an embarassed look at Lou. This is the great thing about live performance, the moments where things go unexpectedly. Overall, both of these present a insightful look at the solid songcraft that sometimes was masked by the more ostentatious sonic experimentation captured on record.