NIN and Jane's?

UPDATE:
LOOKS LIKE THE RUMORS ARE TRUE! Click Here for More Details.

From Rolling Stone — Trent Reznor Producing New Janes Addiction?:

“Over the past few days, Nine Inch Nails frontman Trent Reznor has been posting clues on his blog alluding to a new project. The photos, posted under the title ‘a look at something else that’s going on,’ have obsessive fans frantically attempting to unravel the puzzle. (Some superfan went as far as to look at the iPhone coordinates pictured on one image and pinpoint the location of a studio.)

The first picture was a photo of Reznor, producer Alan Moulder and NIN veteran-programmer Atticus Ross, leaning over a mixing console. Next came a picture of Jane’s Addiction bassist Eric Avery working on a lap top, then Jane’s Addiction drummer Stephen Perkins, and today we’re treated to a picture of Reznor in the studio with Dave Navarro, guitarist for Jane’s Addiction.”