Nobody thought that anyone could out do Guns & Roses in terms of greed. When the band released two albums on the same day instead of a double album and claimed this would save their fans money we on the outside laughed at the giant grunt of stupidity. No one from the underground music world would fuck their fans like that.
Smashing Pumpkins has gone above and beyond by signing on for 4 different version of their new album. Each one has a "bonus" song (read an extra song that wasn't good enough) and all "special" versions of the CD will be sold by big chain stores and iTunes (which isn't any different) No special version for the indy shops, unless they are the ones who will get the vinyl version which will probably be at a fair number of places any way.
As I skimmed forums looking for reaction from the bands audience I could see a lot of people were pissed off, few were surprised. I guess when a band I like pulls a stunt, like most of The Sex Pistols branded output I just laugh it off and go "good one guys" so who am I to cast a stone?
Okay, now let's play devil's advocate...
People want their favorite musicians to keep making music and love to stay in denial that their pop stars really have day jobs. So what should a working musician do? They can either make money doing music or they can cop to having a straight job. Tough call.
A second point that some people may not have thought of... Collectors live variations on releases. Color vinyl, etc.
So only a real fan can decide what they feel is a rip off. I can't comment with any authority on Guns & Roses or Smashing Pumpkins, they really aren't bands I listen to. I can say that lot's of Punk bands have been returning in many ways, some just for the cash.