For this week’s “120 Minutes” Rewind, we flash back to 1992 for a walk through Tijuana, Mexico, with John Lydon and host Dave Kendall. This appears to actually be an MTV news piece, likely repackaged from segments produced for a July 1992 episode of “120 Minutes” that featured the Public Image Ltd. frontman as co-host.

As promised, the first new Public Image Ltd. song in 20 years — a lilting, almost dub-ska track called ‘One Drop’ — received its worldwide debut today via Steve Lamacq’s afternoon show on BBC’s 6 Music. Check out the full track, which will be released on a Record Store Day EP in April.

Public Image Ltd. will release its first new album in 20 years — the 12-track ‘This is PiL’ — in either May or June, and will tease the release with a four-song, vinyl-only EP spotlighting the single ‘One Drop’ that will be released on Record Store Day, frontman John Lydon announced on British radio this morning.

With their first new studio album in 20 years due in 2012, John Lydon’s reunited Public Image Ltd. will kick off the new year by reissuing nearly its entire back catalog on CD in the U.K., using the same the same newly remastered editions that were released this past summer in Japan in the high-quality SHM-CD format.

John Lydon’s reconstituted Public Image Ltd. has completed recording a new album at Steve Winwood’s studio in Cotswolds, England — the band’s first since 1992′s ‘That What Is Not’ — and will release it next year, the band announced on its website this week.

The Japanese division of EMI Music this week reissued Public Image Ltd.’s entire catalog in limited, digitally-remastered SHM-CD editions, with 10 titles packaged in vinyl-replica paper sleeves, as well as a tin-can encased, triple-disc ‘Metal Box’ and a standard jewel-case edition of ‘The Greatest Hits… So Far.’

John Lydon hopes to use the proceeds from Public Image Ltd.’s upcoming U.S. tour to fund the recording of the reconstituted band’s first new album since 1992’s ‘That What Is Not.’