Update 1/31/06: The official lineup has been announced and the are not on it. Go here.

Although some say it’s confirmed and some say it’s not

Smashing Pumpkins will be reuniting and headlining Coachella 2006.

What a friggin’ comeback! It’s about time Billy remembered that he was supposed to put the band back together.

Update (1/27/06): Still just a rumor…