Late last summer, whispers of a My Bloody Valentine began and since then, a steady but wobbly stream of rumors have been torturing shoegaze aficionados worldwide -- until now.

According to several sources, the legendary British fuzz rockers will, in fact, be reforming -- and not just for a (now sort of cliche) reunion show at 2008's Coachella Valley Music festival. Many bands have used the three-day event as a platform from which to launch their comebacks, with some bands (Jesus & Mary Chain) pulling it off better than others (Happy Mondays).

While a headlining gig at the dessert festival is still unconfirmed, frontman Kevin Shields did confirm that new material is in the works -- specifically, a compilation of previously recorded material with "a little bit of new stuff" that will be released by the end of the year. So, what can we expect from the new stuff? "It sounds like what we sounded like -- different but not radically different," he explained. "People will go, 'Yeah, it sounds like My Bloody Valentine.'"

Still don't believe it? We don't blame you. But there's more. A U.K. version of 'Soft Focus' launches today and MBV frontman Kevin Shields, who has produced albums for Yo La Tengo and Pacebo, was interviewed for the show. Hosted by former Make-Up frontman Ian Svenonius, 'Focus' will also air interviews with music legends including former Hacienda regulars like the Fall's Mark E. Smith and Happy Mondays' Shaun Ryder. "[He] is a charming, gracious guy." Svenonius told NME of his interview with Shields, "He's making a new record." There you have it.

Soft Focus premieres today on VBS.TV.