Reports began circulating last week that all four original members of R.E.M.–Michael Stipe, Peter Buck, Mike Mills, and departed drummer Bill Berry–would perform together as part of their induction into the Georgia Music Hall Of Fame. (Which, by the way, actually exists.) Now Billboard.com has revealed that the reunion might go a little further.

All four showed up at a 40 Watt Club R.E.M. tribute last night, playing "Begin The Begin" and "So. Central Rain." But it seems like they'd all also "been hitting an Athens, Ga., studio with producer David Barbe to record a song for an as-yet-unannounced album."

Okay, one song does not a reunion make. But it is something.

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