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Lollapalooza 2012 takes place in Chicago this weekend, kicking off Friday (August 3rd) with headlining sets from Black Sabbath and the Black Keys, and concluding on Sunday (August 5th) with Jack White closing out the festivities. The Red Hot Chili Peppers will keep the party going as Saturday night's (August 4th) headliners, and drummer Chad Smith told us he's looking forward to it: "I think it'll be great. It sounds like the 'Color Tour' -- it's Jack White, Black Sabbath, Black Keys, Red Hot Chili Peppers -- but those are always fun shows. Lollapaloozas are great. My family's there, you know, my brother will be down, my sister's there -- that'll be cool."

Smith told us who he's looking forward to seeing the most this weekend -- but added a disclaimer: "I'm anticipating Black Sabbath but I'm little disappointed that -- I mean, I'm happy for my hometown boy Tommy (Clufetos)'s on drums, but no Bill Ward. Disappointing. It's like the Van Halen thing -- you get back together and then you don't have the guy that's the original guy? (groans)"

Three-quarters of the original Sabbath is playing Lollapalooza on Friday night, with founding drummer Bill Ward sitting out the reunion due to a contract dispute. His fill-in is Ozzy Osbourne touring drummer Tommy Clufetos.

This will be Sabbath's only North American performance of 2012 as guitarist Tony Iommi continues his treatment for cancer.

The lineup of more than 120 acts this weekend also includes Florence And The Machine, Fun., The Shins, M83, Of Monsters And Men, Metric, The Temper Trap, Passion Pit and many more.

Lollapalooza will spend its eighth straight year at Grant Park in downtown Chicago.

Lollapalooza co-founder and Jane's Addiction frontman Perry Farrell said earlier this week that the festival will expand to another location in 2013, after successfully launching offshoots in Chile and Brazil in 2011 and 2012.

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