After the recent acquisition of Lala, the web-based music service, it is being heavily speculated that Apple will launch a web-based version of iTunes.
Lala lets users create a music library in the cloud and access it from any web-enabled device. Given the large user base of iPod and iPhone users, it is not hard to understand that Apple will use this to let the iPod/iPhone users stream music from the clouds.
Wall Street Journal also supports the speculation and says that acquiring Lala for $85 Million was part of Apple’s strategy to capture the music market on the web. This will allow users to stream music without downloading and configuring the iTunes software on their machines.