I lol'ed.
http://www.nme.com/news/korn/54674
I mean, don't get me wrong...I'm curious to hear what they end up doing. But almost every time a band claims they are working on new music inspired by another band, it sucks. And here we have a band that were OK at best (a LOOOONG time ago) claiming to be writing new tunage inspired by another band that always, always kicked ass (and hopefully continue to, considering the recent reunion).
And speaking of SG, while they have not yet announced recording new material, these recent pictures seem to claim they are doing so:
http://www.soundgardenworld.com/media