There has been a lot of speculation recently about an impending update to iTunes. Version 8.0, among other things, is supposed to finally bring a recommendation engine to the digital media player application. While that's interesting from a music discovery perspective, it is even more interesting to consider what this could mean in terms of an iTunes+iPhone based social networking experience.
iTunes (launched 2001) and the iTunes music store (launched 2003) have come a long way since they were first launched. The application has gone through various iterations, gaining significant features such as podcasts (2005), videos (2007), games, and applications (2008) along the way. In the process, selling billions of songs, millions of movies, and over 10 million applications in the first week of the app store's launch. Needless to say Apple has built an experience that with all it's parts combined is unparalleled in both its features and the breadth of its catalog of content.
The Software Side
While most of that is common knowledge, what most people overlook is the gl