Cory already posted about this on Boing Boing before I was even awake, but oh well...
It looks like Amazon is all set to launch their online music store some time next month. Apparently they are planning to do so without DRM protection, so it is most likely that most of their catalog will come from EMI and independent labels. There is also word of a partnership between Amazon and Universal to sell classical music without DRM. Considering the fact that Universal is the #1 record label, if this little experiment works out, good things could be in store for all labels and all genres.
"Bring it on, iTunes" at Ars Technica
"Amazon set to launch online music store" on Times Online
"Why an Amazon DRM-Free Music Store Would Be a Game-Changer" on Medialoper