The 'Tonight Tonight' star pitched himself as a talent judge just after criticising music reality shows in a South by Southwest festival panel discussion.
"I don't have a problem with Idol or X Factor, I have a problem with when those things are not given the proper contextual hue," he told Spinner. "If there's an American Idol there should be a proper alternative counterbalance - if there was hair metal, there was grunge, know what I mean?"
Corgan explained that his primary goal as a judge would be to reject "laptop rock", which he described as music that blends into the background while people are using their computers.
Simon Cowell is currently looking for two new X Factor judges, following the departures of Paula Abdul and Nicole Scherzinger.
Britney Spears is the most recent star linked to the X Factor judging panel, but Cowell refused to confirm that speculation in a television interview this week.
American Idol is currently airing Wednesdays and Thursdays on Fox.
The X Factor USA returns for a second season on Fox in September. Auditions are under way now, with further details available at www.thexfactorusa.com
> Glee star Darren Criss turns down X Factor USA hosting gig?
> American Idol result: Top 11 singer eliminated
Watch Smashing Pumpkins' 'Tonight Tonight' music video below: