Those "people familiar with the situation" are saying that Apple is set to resolve EU concerns with Apple's claimed anti-competitive practice of country by country pricing. Apple, you'll recall, claims that it "wanted to operate a Europe-wide store, but music labels and publishers expressed legal and copyright concerns." The announcement, expected later today or on Thursday, is supposed to bring an end to the EU's long running case against Apple following the first complaints riled back in 2005. Will this mean reduced €0.67 / £0.50 tracks to match the US $0.99 price? Hell no son, but we can always hope.

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Apple and EU set to resolve anti-competitive iTunes pricing scuffle?