Rumors of iTunes music subscriptions fly again | The Industry Standard: "MacDailyNews says the service will be called 'iTunes Unlimited' and offer 50% of the songs currently on the traditional U.S. iTunes store through the program at launch. The subscription will be for one year and be available through iTunes or a retail box, similar to how MobileMe/DotMac is sold. iTunes Unlimited would launch, initially, on the U.S. store only. The subscription would cost $129.99 on its own, $179.99 with MobileMe or $99.99 for existing MobileMe subscribers. The site claims a late September announcement with late October rollout, just in time for the holiday season. TUAW received (almost certainly from the same source) a similar report."
But if it does, I won't hesitate to be the first to say "I told you so". :-)
Also check out some of my speculation on Apple's continued subscription world domination plan from January of this year.