Incorrect.
Bono weaves Spider-Man a web of music - Times Online
"Having composed the music for the forthcoming Broadway production of Spider-Man, Bono and the Edge will release a U2 album based on their musical adaptation of the comic books.
The singer — who styled himself The Fly on U2’s Zoo TV tour — and the guitarist have written 18 tracks for Spider-Man: The Musical, a $25m (¤16m) production that is due to open in New York in October 2009.
The band will rework some of the musical numbers and include them on the album, which is due to follow their next release this October. "
Obviously, the timeline for the U2 album is now off, but I don't doubt that they will do this.