Last year, Fieldy (Korn's bassist), stated that the album, KoRn Kovers, would make an appearance some time after their new record, KoRn III: Remember Who You Are, was released. Jonathan Davis, was asked tonight on Game With Fame (Call of Duty: Modern Warfare 2) about the album seeing a release later this year. Sadly, Davis informed everyone that the album will not be coming out due to circumstances that are holding back the release. This is most likely due to royalty issues with, Brian Welch, former guitarist, and their old record label as suggested before.
This confirms that we may never see Chester on a cover of Nine Inch Nail's "Head Like A Hole".
Thanks to Tim Emanuele for the heads up.