This week's DC Previews confirmed what we thought. Lois Lane is Superwoman.
And this is her deal:
Imbued with the powers of Superman, Lois Lane pledges to use her powers to protect Metropolis as the new Superwoman. The only problem is, Lois' new powers are killing her, and neither she nor her friend and confidant Lana Lang know what to do about it. Will Lois even survive long enough to find out the deadly secret of ULTRA-WOMAN?
APPEARING IN: SUPERWOMAN written and drawn by Phil Jimenez
STATUS QUO SHIFT: From star reporter to superhero!
WHY THEY WEAR THE SHIELD: To continue the legacy of Superman and make the world a better place!
So… what did happen to the New 52 Superman? Read more on Bleeding Cool's DC Rebirth coverage here.