The above video is for the first single 'Tarantula' off Smashing Pumpkins' new album 'Zeitgeist'. You can buy the single now - Paris Hilton included. The full album isn't out until next week, but you can listen to a stream of the whole thing at AOL now.
The other new video that has new Smashing Pumpkins playing behind the Transformers trailer is HERE.
The costumes you see in the above video are also what Billy and crew are wearing at their live shows.