I think there might be some truth to this actually. I've heard this before, quite some time ago, probably on the old message board. It might explain some of his concern for Tibet and this symbol he wrote on my copy of Astral Projection:
no there is truth to it, although i wouldnt be sure to call him a buddhist but he does read buddhist materials (ie. Training the Mind) and he has a few Buddha statues in his guitar studio in NM
He also meditates regularly. There was a special on MTV 3 years ago about the DMB "Before These Crowded Streets" sessions and they showed a clip of Tim meditating in the studio.
Meditation is how he builds his strength from the aliens. He has to recharge his hands everyday to make them work so fast. His statues are not of buddah, but of a fat alien named Mugarf.
Tim would not call himself a true buddist but he does follow alot of the teachings and practices. He has found he is very inline with that way of thinking. He is always reading books and stuff on the subject. In fact he just watched an interview with the Dali Lama on the current state of affairs in the world and was very moved. Buddism has had a profound connection for Tim. He does meditate and considers it an important part of his daily regime. He does believe if more people in the world could discover buddism, it just might save the us and the world.