This has been blogged a number of other places, but I just got around to reading it and you should too.
The Internet Debacle – An Alternative View
Janis Ian is a folk/rock musician who recorded a number of albums in the 60's and 70's and has had a resurgence in the 90's. I think she is right on about how the music industry should be handling the internet music "crisis".
A tasty quote:
Again, from personal experience: in 37 years as a recording artist, I've created 25+ albums for major labels, and I've never once received a royalty check that didn't show I owed them money.