Apple negotiating with music labels to let users download again without paying again

Apple is reportedly in negotiations with major record labels to allow users to download music they've already purchased without having to pay again. This would be similar to how the App Store lets you re-download purchased apps as often as you like without additional charges -- as long as your iPhone, iPod touch, or iPad is logged into the same iTunes account. Right now if you download the same song more than once you're charged again each and every time. Allowing unlimited downloads would also act as a backup of your entire catalogue of purchased music in case the original files are lost or damaged.

Apple Inc. (AAPL) is in talks with record companies to give iTunes customers easier access to music they’ve purchased across multiple devices [...] The arrangement would give users more flexibility in how they access purchased music. A deal would provide iTunes customers with a permanent backup of music purchases

If all goes well during these negotiations the service should be going online sometime this summer, and sounds like some good use of that massive data center Apple has been working on.

Is this the type of iTunes cloud service we've all been waiting for or do you think Apple could be doing more? What about streaming? Let us know your thoughts in the comments below!