It was just a matter of time before Google entered the music market. Rumors (via Dave Winer) are that it's an "iTunes-clone, based on RSS 2.0, and fully podcast-capable".
Google is positioning this as a search partnership with the Big Music services but in my view this is just Step One: on their plan to Pump Up The Jam & Drop the Funk Bomb on the entire music business.
Link to C/Net News (via Om Malik)
