Smashing Pumpkins Returns?

I posted awhile back that Billy Corgan really wanted to reunite the Smashing Pumpkins, especially when he placed an Ad on the Chicago Tribune and even mentioned it on his website.
Well, seems like its coming together, but there's one missing element.....the guitarist, James Iha.

(courtesy of NME- Jan. 19, 2006)

Smashing Pumpkins are strongly rumoured to be reforming this summer for live shows - with Coachella touted as their comeback.

Singer Billy Corgan has made no secret of the fact he wants to reform his old band, and NME.COM has learned the band are set to make their comeback at the Californian festival on April 30.

Writing recently on his webpage, Corgan hinted reformation plans were coming along.

"The surprise I have in store for you all will be announced soon enough," he said. "Hold on to your horses. After all, good things surely comes to those who wait....Don't you just love the suspense?"

Corgan remains friends with former Pumpkins drummer Jimmy Chamberlain, and is also in contact with the band's second bassist Melissa Auf Der Maur, having collaborated with her on her forthcoming second solo album.

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So how about James Iha?

(Billboard- Jan. 17, 2006)

Former Smashing Pumpkins guitarist James Iha and Fountains Of Wayne/Ivy principal Adam Schlesinger have signed on to produce a new studio album from enduring soft rock act America.