This news should make both Guitar Hero fans and Aerosmith fans very happy. Activision announced plans to base an installment in the Guitar Hero series around America’s best selling hard rock band Aerosmith. The new title is scheduled for a June release and will be available for the PS3, Xbox 360, Wii and PS2.

Players will be able to play as the band’s guitarists Joe Perry, Brad Whitford and bassist Tom Hamilton. Just like other versions of the hit game, players will progress from an unknown band to rock legends, this time following the story of the band, with some Aerosmith concerts and venues. Interestingly, Activision has promised Aerosmith’s extensive back catalog, as well as other songs from other artists that inspired the group.

Some Guitar Hero III owners for the Wii have been stuck in mono for months now, after a problem with some of the games. At long lat Activision is finally ready to start issuing replacement discs.

According to some end-users, Activision is now sending out pre-paid envelopes, so customers have to ship back their faulty GH III disc and wait “3 to 4 weeks” before getting the new, stereo-enabled one for free. I hear ya, fans. That sucks! Some of you can’t live without your favorite game for that long.

I guess if you want Guitar Hero on the go or if you are a Leprechaun wanting to play the game in your size, you are in luck my friends. This miniature version was created by Basic Fun, and it looks like they got Activision’s approval. It’s called the “Guitar Hero Carabiner,” and it will make it’s debut next week at the International Toy Fair in New York.

It measures in at only 7.75 long and 3 inches wide, though the neck can fold down to cut its length in half. The carabiner also has the ability to dangle from your bag or backpack, in case your pocket real estate is already full with a DS and the like.