I think there's nothing wrong with bands reforming, Stone Roses split up 16 years ago, plenty of people never got the chance to see them play live as they were too young, why not let them have that chance?
Pixies reformed for money, didn't see anyone grumble about that, also Pulp
I just hope if this is true that they reform for 12 months, play the gigs and maybe a few festivals, then split up, I'm not convinced new material will surface and, unlike the Pixies they shouldn't hang around for 7 years after the reunion.
Stone Roses fizzled out with that awful Reading festival set minus John and Reni, It'd be great closure if they bow out with some proper shows with the full band.
Also, influencial they may have been but they never sold that many records, can we really begrudge them earning a few quid out of it?
I saw the Roses back in late 89, they were great, I hope I get the chance to see them again in 2012