Rumor has it that HP is preparing to enter the cloud-based music storage fray. A reader at PreCentral sent in what purports to be a confidential PowerPoint presentation indicating the TouchPad will launch with an HP-branded music and movie store, as well as a smart syncing service that caches frequently accessed media for local playback. This may very well be the "Music Synergy" that SVP Steven McArthur mentioned to us. Amazon has already launched such an app and it's all but official that Google is planning the same thing, so it only makes sense that the company would want to imbue webOS with similar powers. We can't verify these claims ourselves and the slide above is clearly a wonky Photoshop job, but it's would hardly be surprising after snatching up Melodeo and the streaming music service Nutsie. And, while webOS and Android are working to banish the quaint ritual of plugging your cellphone into a computer, we can only imagine what the Lala team is up to -- maybe Jobs has them washing his turtlenecks.