New Smashing Pumpkins material. Already?

Smashing Pumpkins are apparently already back in the studio following their reunion and new album release earlier this year. Jimmy Chamberlain has implied that we might get to hear some of the new material very soon. In a posting on the band's website he writes: "The tour was a rock rampage and now we are back in the studio recording some songs for a possible release worldwide. Look for these around the first of the year. Busy Bees! I wish all a Happy Holiday and a productive '08!"