It's unclear what's happening just yet, but photos of Trent hanging out in his studio with Eric Avery, Stephen Perkins, and Dave Navarro have surfaced at nin.com (one with Reznor and a shadowy Perry Farrell is on the main page as we speak). Rolling Stone's Smoking Section has the pic of Trent and Navarro. Chances are they're not working on Niggy Tardust! II.