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I agree that some sort of subscription model makes much more sense than buying individual songs. For one, my current MP3 collection is already at 192kbps, so I'm not really interested in buying inferior quality at $1 apiece. I would be willing to pay $10 per month to listen to lower quality music today if I could effectively "upgrade" it as technology progressed later.
Subscription services also make much more sense for people like me who don't have large CD collections. For me, iTunes would require a vast initial investment to build up a collection compared to a monthly fee.
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