According to Idolator (article here) the next smashing Pumkins album to be released will actually made availbe for free. Rather than the traditional approach billy Corgan has announced that the massive 44 tracks will be made available for download from October as a series of EPs. The album to be called Teargarden by Kaleidyscope is reportedly going to return Smashing Pumpkins ealier style.

There is information about the plans on http://www.smashingpumpkins.com/ as well.