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Rumour : Live Aid II going ahead?

A second Live Aid concert is rumoured to be going ahead, according to a report in The Sun today.
The newspaper claims that organisers hope acts such as U2, Coldplay, Madonna and Robbie Williams will sign up to perform at the concert. Sir Bob Geldof is being tipped to organise the event.
A source told the newspaper, “Everyone is working toward a possible date in the summer. If it comes off, the biggest names in music will be taking part. Sir Bob has been asked to step in and put the concert together. He thinks it’s a great idea but knows it is a race against time to get it organised – and there’s a chance it won’t happen.
“Bob would want the event to be really special if it goes ahead. There is no point in a poor sequel to the original, so it is touch and go with these plans.
“It is no coincidence to try and time the concert around the G8 summit when world leaders have the chance to help fight poverty in Africa.”
source : digitalspy