I have tried telling this to friends, and they think I'm kind of crazy. But I do believe it is inevitable. Maybe we'll also go back to the good ol' days where everyone sang each others' songs without having to pay license fees.
I know this is a year old, but i stumbled across it. I can tell you I already a big shift in the newer bands. I run an independent music website called cherrypeel.com. We describe ourselves as 'The Democratic Music Revolution' as we are trying to take the power from the mainstream media and give it to the fans. It works by bands submitting their music and our community of listeners voting it up or down.
You can read more about how it works at http://cherrypeel.com/link/votesharediscover.jsp or why we are doing it at http://cherrypeel.com/link/b/blog/default/2008/06/11/Welcome-to-cherrypeel.
Let me know what you think,
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