According to NME, Kevin Shields of My Bloody Valentine fame is collaborating with Patti Smith. Let's take a look:
"Shields is set to collaborate with Smith on a live recording of Smith's 'The Coral Sea' on September 12 at the South Bank Centre in London.
"The gig will be divided up into two parts. The first half will be a combination of new songs, spoken word pieces and overdubs from Smith plus other musicians.
"Shields will act as musical director, in the second half, for a performance of 'The Coral Sea', Smith's tribute to photographer Robert Mapplethorpe."
Shields is disappointingly Overt (make some records already!), so maybe this will be a step in the right direction. Though not making any more My Bloody Valentine records is Overt, I should add that, if true, it's pretty funny that he got Island to "finance" his band to the tune of 500,000 pounds without having to produce anything.