WMG sues imeem for copy infringement: "Warner Music Group Corp. is suing the operators of the social-networking Web site imeem, claiming the portal enables millions of computer users to share its artists' music and video content without permission."
Actually what I think is even more scary is that the *users* of imeem could be next. I'm guessing that the company is looking to claim safe harbor protections - in that the users are uploading the content, they don't check to see what it is. The issue for the consumers are that that all of the content that they upload is attributed to them - so they are just as exposed to litigation.
Check out my earlier coverage on them here: http://globallistic.blogspot.com/2007/03/imeem.html
And listen to The Arcade Fire courtesy of their service...