iTunes Might Lose Labels
The 99 cents per song you already pay is a bit much, especially considering there is NO physical packaging, shipping costs, storefronts with employees and power bills, ad infinitum.
I really LIKE iTunes, and I *KNOW* how to steal music if I want to. I really LIKE the fact that I can buy a specific song for a pittance on a whim instead of hoping someone will upload it to the Usenet.
It's not that $1.49 is too much, but it just shows that they will try to reach a price that people will accept, however grudgingly. But the $1 mark is a psychological barrier; once they reach that, people will start to think, "Is this song worth $1.49?" and might not buy it after all.
In any case, good luck to 'em. I don't buy any new stuff anyway. Most of it is crap pushed by the payola artists.