The recording industry is going to destroy iTunes. Watch for iPods to start being siezed for "evidence".
I loaded a couple hundred CDs I already owned on my iPod because I was sick of having to keep track of them, I've never downloaded anything from iTunes, they aren't getting mine.
No, this is just part of the negotiating process. Apple has done great things...dragging the record industy behind it. I have no problem with either proposal as outlined. Pay 1.49 for a new song or .70 for an old one. I buy the older ones in general. The invisible hand of market forces will result in higher quality songs on each CD, unlike the filler songs we have seen in the past few dacades.
They'll have to pry it from my cold dead hands!