iTunes Subscription Service?

This appeared on MacDailyNews:

RUMOR: Apple to hold special event in late September to debut iTunes Music subscriptions, more
Wednesday, August 20, 2008 - 09:03 AM EDT

An anonymous tipster has told MacDailyNews that Apple will hold a special media event in late September that will discuss and/or announce the following. The information that the source provided, verbatim:

• MobileMe, iPhone, iPod Touch
- Enable disk use
- When enabled for disk use, iDisk folder accessible
- iDisk app
- Viewable formats can be opened, other formats grayed out
- Button to sync with MobileMe
- Photo syncing support via MobileMe
- October launch

• iTunes Unlimited
- 256 Kbps music; highest quality digital music subscription service ever
- 50% of U.S. store available for iTunes Unlimited at launch, U.S.-only launch
- Available through iTunes or retail box a la MobileMe, funds applied through iTunes gift cards cannot be used towards subscription purchase
- $129.99 stand-alone or $179.99 with MobileMe, current MobileMe subscribers can add iTunes Unlimited for $99.99
- One-year subscription period
- Current a la carte options unchanged
- When signed in to subscription account, “Buy” is “Get”
- “Download and Play throughout iTunes Unlimited Subscription” or “Buy and Keep”
- “Buy and Keep” option available for downloaded subscription songs, purchased version replaces subscription version