Billy Corgan has admitted in an interview with Spinner that he regrets splitting the band up in 2000. The band broke-up after releasing their "Machina II: The Friends & Enemies of Modern Music" album and have since reformed with a different line-up. Corgan: " Breaking up the band was a mistake because I think it broke trust with the audience (...) You had an audience that was very invested in that idea – whether they were invested in the people or the idea or the songs, I don't know. Like a relationship that you break off from and then try to pick back up, it's never quite the same."
Although the line-up has changed, Corgan suggested that the new group can still be "as good": "It doesn't mean it can't be as good, but it has to be different," he explained. "That beautiful original feeling got lost in the interim of being away. If we had said, 'We just went away for seven years,' it would have been similar, but somehow breaking up, there's a violence to it." The band are currently releasing songs from their new 44-track album "Teargarden By Kaleidyscope", one at a time.