Businessweek cites sources who claim Apple's new digital music service, which many expect to be called iCloud, will quickly scan a user's iTunes library and mirror those songs on the cloud. Users will then be able to stream and listen to those songs on any devices. Interestingly, the sources say that if a user's song isn't encoded in an acceptable quality, Apple will replace the lower-quality song with one that is encoded at a higher quality.
No details of a cost for the service have emerged, but Businessweek speculates the iCloud service may be baked into the US$99 per year MobileMe fee. Apple could also offer monthly subscription plans for the service
