TechCrunch – I’ve spent the last few hours this morning using the new MySpace Music product – searching for music, adding it to playlists and my profile, and listening. It’s far from perfect (more on that below). But MySpace has done something incredible at a big picture level: they’ve created both a compelling music experience for users as well as a realistic, long term business model for labels and artists in a world where recorded music moves towards free.

MySpace music combines free on-demand streaming music with buyable downloads from Amazon, ringtones and video and other content. Soon the service will offer artist merchandise (tshirts, etc.) and concert tickets.

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