Honestly I don't believe Yahoo could pull this off. The primary reason being the leading music stores online have a rich user experience focused on marketing and ease of use. iTunes clearly leads the way from a store standpoint. Yahoo historically has been a minimalist interface that is fast however barebones in many ways. Yahoo's power is through the web, not through a standalone application.
A web version of Rhapsody I could see Yahoo doing, bundling or rebranding an iTunes or Napster type solution I just don't see as happening.
Yahoo composing music download plan | CNET News.com
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