From the Rumor Pit...

please oh please oh PLEEEEEASE let this one be true!!
This article from today's Chicago Sun Times is circulating the message boards....
Pearl Jam to reign o'er Lollapalooza
March 1, 2007
BY JIM DeROGATIS Pop Music Critic 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.
Pearl Jam's last self-titled album was released in May 2006. Its most recent recording is a cover of "Love Reign O'er Me" by Vedder's heroes the Who, which will appear on the soundtrack of "Reign Over Me," the forthcoming film directed by Mike Binder and starring Adam Sandler and Don Cheadle.
jimdero@jimdero.com