Around this time last year I wrote that Amazon had scrapped ideas for a music download service to focus on their movie streaming service. Turns out that was wrong. Today Amazon has announced that they will, in fact, be launching their very own downloadable music store. The kicker? All downloads will be in MP3 format (so you can play 'em on your iPod) and there won't be any DRM. Amazon claims to have 12,000 labels signed up (I had no idea that 12,000 music labels existed). Pricing hasn't been discussed yet.
Look for the store on Amazon.com later this year.