Well the rumors are true, to an extent. Both MTV and Billboard are reporting that Lollapalooza will be back for 2005 after poor ticket sales doomed last years tour. The festival will return this summer as a two-day event (similar to Coachella). The event will be held July 23rd and 24th at Chicago's Grant Park. Rumored acts to appear include Beck and The Killers. Expect more information with the website due to come online on April Fools Day.