Seems streaming audio sites are the hot topic at the moment, following on from Last.FM's announcement yesterday.
It has surfaced that Warner Music has accused Seeqpod of
"direct, contributory and vicarious" copyright
infringement."
The site continues to stay online. Going back to what I was saying on the Last.FM post record labels must create a dialogue with the likes of Seeqpod to take streaming audio models forward - and it would seem a la Last.FM ad supported models are the way to go.
For more thoughts on this see Martin's post on Pickyblog:
http://picky.be/blog/musicfuture/music-label/
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