MIT Saves the World

Or at least the music industry. A pair of students at the 'Tute have devised a means of sharing a large set of recordings - 3500 CDs at the moment - among all the students without running afoul of copyright law, and while providing the artists and composers with appropriate compensation. The sweetest part of the whole clever scheme: the record labels have been frozen out entirely. (Let them eat legal summonses, I say.) See the NYT story for details.