Wonderkid Shawn Fanning of Napster fame is back and his new technology is called Snocap. There is a preview out now that allows artists to sell music on sites like Myspace. The embeded player could be put anywhere, even on a blog. From the player, you can purchase tracks and you can get unrestricted MP3’s. Price and any DRM restrictions, if any, are decided by the artists.
This could be a real threat to iTunes as an open format like MP3 would allow customers to put songs on any player they like and being able to sell music anywhere on the web is far more wide reaching then iTunes. For indie bands especially, this is a great thing but large established artists may stick to the tride and true iTunes model and Apple’s promotion machine.