I'm interested in this as well. I'd love some technical details about how they're going to do the DRM stuff with just HTML5 audio. Does anyone have ideas?
I don't listen to music using the flash interface anymore, the biggest problem is that after just an hour or two of listening the flash application is using a HUGE amount of memory and is hogging one of my cores at 90%. Flash on Mac OS X was never anything to write home about ...