Rumors of Aerosmith's demise -- at least with Steven Tyler -- may turn out to be greatly exaggerated. Tyler joined guitarist Joe Perry and his band on stage Tuesday night (November 10th) at Irving Plaza in New York City for an encore version of Aerosmith's "Walk This Way;" prior to the song Tyler told the crowd that "I am not leaving Aerosmith" and told Perry "you are a man of many colors, but I am the mother******* rainbow!" A clip of the performance can be seen at http://www.youtube.com/watch?v=lC7EK68tdEY&feature=channel. Earlier in the day the Hollywood Reporter said that Tyler would be making some kind of formal announcement that he's not leaving the band. Perry apparently interpreted Tyler's comments to Britain's Classic Rock magazine that the singer's next project was "definitely going to be something Steven Tyler" to be a tacit announcement that he's leaving the band. In a Twitter posting Tuesday, Perry said that Tyler "is doing his own thing and said so in the press. That's all I know." He also wrote that "Aerosmith is definitely not breaking up. Aerosmith is positively looking for a new singer to work with. You just can't take 40 years of experience and throw it in the bin...Band is playing hotter than ever and our songs need to be played live! Don't despair; Aerosmith not splitting up. Promise that's the last you'll hear from me on the subject till we gear up again." While the smoke clears, Perry is on the road supporting his new solo album, "Have Guitar, Will Travel" -- including a November 19th date at the Caesar Windsor casino.