Google Rumor-Possible Rival with ITunes?

There's a rumor going around the Net that I found on Scripting News that possibly, very possibly, Google might be developing a rival to Apple's ITunes. I'll report more as I hear it.

Related:

• Google Quiz-what are your Google skills? Personally, I'm a cage fighter.
• Apple Resources-I'm a huge fan of ITunes. It loads fast, doesn't suck up all my bandwidth and memory, and the free radio stations are clear and eclectic.