Lay off Netphoria, already.
I don't think it's such a bad idea, my only gripe is that it will attract a lot of Pumpkins "noobs", being that it is the official website.
A lot of people who aren't into the Pumpkins but want to check them out will likely flock to smashingpumpkins.com first.
Even still, that isn't such a bad thing, really.
EDIT: Oh, look, I'm the first person so far to have not made a one line comment on this.