Chicago-based ZWAN, the new band featuring former SMASHING PUMPKINS mainman Billy Corgan, ex-PUMPKINS drummer Jimmy Chamberlin, former CHAVEZ guitarist Matt Sweeney, ex-SLINT guitarist David Pajo, and A PERFECT CIRCLE bassist Paz Lechantin, will record an album and a DVD this fall with their acoustic alter-ego project DJALI ZWAN. An early 2004 release is expected."We're going to do it 'Let It Be' style," Corgan told Rolling Stone magazine, referring to the documentary about the 1970 BEATLES album. "The album would be recorded live, with the cameras rolling. When you get the DVD, you can watch the takes on the album being done." Corgan described the songs he's written for DJALI ZWAN as "more folk-driven, rooted in traditional music. I don't want to compromise veins of material to fit into an electric band, which I often did in the PUMPKINS. With DJALI ZWAN, I can write an acoustic song and not worry how it's going to stand up against some rock epic." DJALI ZWAN's debut CD, which will also feature Lenchantin's sister Anna on cello, will include such originals as "Friends and Lovers", "Love Lies in Ruins" and "Rivers We Can't Cross". "We're not trying to be country blues," Corgan said of DJALI ZWAN. "But DJALI ZWAN is its own thing, a totally separate band. It would be exciting if we could pull this off."