Well well well! Lools like iTunes has skipped ahead and pre-announced iTunes LP, the rumored "Cocktail" album format from Apple.
Apple [iTunes link] says:
The visual experience of the record album returns with iTunes LP. Get a gorgeous, immersive version of select albums -- right in your iTunes library. So while you listen to your favorite songs by your favorite artists, you can also five into beautiful animated lyrics and notes, performance videos, artists and band photos and more.
Guess this is the flip side of D45s, we'll be getting the details when It's only rock and roll, but we like it kicks off in a few minutes! (Come join our live blog now!)