Coming Soon - iPod & iPhone With Unlimited Music?

Financial Times reports that Apple is currently in discussions with the big music companies to allow customers unlimited access to the entire iTunes music library in exchange for paying a premium for its iPod and iPhone devices (presumably for the life of the device). This “all you can eat listen” plan recalls Universal’s Total Music plan with Nokia, in which the cost of music is embedded into the music player itself. Negotiations have allegedly stalled due to disagreements in pricing - Apple wants to keep the charge as low as $20, while the labels presumably want something closer to the $80 Nokia deal. Other possibilities may include a subscription based service for iPhone users ($7-8/month, for example) with the capability to keep up to 40-50 tracks/year even after the subscription lapses.