I think Legend Of the Red Panda is a cool title but im pretty sure it's fake as well as the song snippet leak.
and I doubt this will come out in April as the rumor suggests for two reasons:
1.It's the end of February and it takes roughly two months to press and export a record around the world after handing it in. According to Reed, the band still needs to record shit in the studio.
2.April is around the time the RHOF thing is happening and I think releasing a record under the name Guns N' Roses around that time will confuse the general public between line-ups (that is, if the old band really does reunite that day like where're all hoping).