i think its great, at least at the moment.
because i have a a small handful of people who are looking forward to my full scale album because of the tracks i have shared with them. a few guys said that they want to BUY the whole project... so that means that it gives us as independant artists a new medium for distribution and promotion, and for developing oourselves by recieving direct feedback from the people who are listening...
all in all, we can use this to our advantage, and if the industry is so desperate to hang on to the traditional methods, well, they will feel a sting from it because as chuck d put it, it is the new radio.... and we can, and are using this to an advantage.
plus, if we keep independant we can offer whole projects for lower rates...think, at, say, $7 bucks a pop, people would be more willing to pay for a full album from an artist who has shown that they give a rats about what their fans think...
basically it is an can be a powerful and revolutionary tool to those who take the high road and use it creatively...