(update for full lineup on 4/11/07)

Chicago Sun-Times’ Pop Music Critic, Jim Derogatis, is today reporting that Pearl Jam will headline this year’s Lollapalooza, which is set for August 3rd – 5th in Grant Park:

The major headliner for year three of the retooled Lollapalooza concert will be none other than the band that became the breakout superstar of the old Lollapalooza back in 1992: Seattle’s godfathers of grunge, Pearl Jam.

The three-day concert will take place in Grant Park from Aug. 3-5, and Lollapalooza promoters don’t plan on announcing the 130-band lineup or putting tickets on sale for several weeks, until late March or early April. They declined to comment on any of the acts Wednesday.

Nevertheless, three concert industry sources confirmed that fans may expect Evanston native Eddie Vedder and his band to perform on Chicago’s lakefront as part of a U.S. tour that will follow a European jaunt that has already been announced in June, and which includes several major music festivals.

Jim Derog is a pretty good source for this kind of info, and one hopes his “three concert industry sources” are not leading him astray. Either way, this is pretty big news!

More info as it comes.

If you’d like to play a role in helping decide who will be at Lollapalooza 2007, go make a suggestion at “YourLolla.” The site gives you a spot to drop your favorite band names as well as restaurants and favorite food items.

Um, that’s great, but what about a suggestions for….BEER! Tha lack of beer selection was one of my main peevs with this festival (they could’ve at least offered some local Goose Island for flava!). Yeah, yeah, Budweiser paid a s***load of cash to have their name blazed across those stages. Then again, beer really IS food!