Online music retailer Lala is preparing to launch an iPhone application that its cofounder says paves the way for the end of downloading songs in the MP3 format. The app allows users to buy the right to stream songs from a digital locker forever for just 10 US cents each. The song quality is lower than what Apple's iTunes offers, but 'intelligent caching' lets the tracks load and play in seconds, with playback possible even outside of cellphone coverage. An existing iTunes library can be synchronized with one's Lala account."
Read on » Lala Plans to Open Music-Streaming Dime Store on iPhone
