Hey Artist,

Point 1 - No, the logic is not flawed. Unfiltered content is flawed, because there is too much white noise. Filtered content will survive just fine.

Point 2 - agree, most free interenet sites are falling like flies, but not IAC. ( and last I heard, it does't make any money, but also has survived for 5 yrs without debt ) Why ? It has the support of indie musicians, and pays the proposed RIAA rates for internet streaming, and shares advertising revenue with it's content providers. There is no infringement. It pays the suggested rate to the copyright holders when it doesn't have to. Bad business ? No, very sound. ( Scuse the pun.... smile )

cheers, niteshift