Looks like rumors do come true -- some sooner than others. Sony has announced a new program for a variety of its devices, including PS3 and PSP, called "Music Unlimited powered by Qriocity." According to the announcement, it is a new "cloud-based digital music service" to be available by year's end -- well, at least for Europe (where the announcement took place). With Music Unlimited, subscribers will be able to access "millions of songs." Further details will be announced in the future, but right now, Sony's service sounds strikingly similar to Microsoft's own Zune Pass.

In addition to PlayStation products, the service will be compatible with Bravia TVs, Blu-ray disc players, home theater systems, and VAIO computers "with one single account and without the need to manage digital files." Looks like Sony's come a long way from the ATRAC days!

This article was originally published on Joystiq.