Update: No Pumpkins Reunion yet...

In response to the previous Pumpkins reunion rumors on this blog and on other more credible news outlets, it turns out the Pumpkins won't be playing at any of the major summer festivals.

In other Pumpkins related news from MTV.COM:

Melissa Auf Der Maur said Corgan has been working on material that will, at some point, surface in the form of a new Smashing Pumpkins album.

"From what I understand, Billy [will be] making a Pumpkins record over the next little while," Auf Der Maur told MTV News last week. "Everyone knows Billy doesn't need too many people to make a Pumpkins record, other than Jimmy [Chamberlin, longtime Pumpkins drummer] — who he has [on board]."

A spokesperson for Azoff Management confirmed Thursday (February 2) that Corgan and Chamberlin have signed on with the firm as Smashing Pumpkins, and that the two are writing new music. A source close to the situation told MTV News that the duo plan to record over the summer and that the new Pumpkins could surface before the end of the year — however, no definitive plans are set.

Stay tuned...