Re: not the end of the world - Pandora's looking for equality with US radio
I think you are missing a point here. Radio is broadcast. So, if I am a big Red Hot Chili Peppers fan and I want to listen to Californication, I _must_ wait till it plays on a radio, even an internet radio. Or I can buy the CD.
If Pandora (which I have never used much) allows me to search for & play Californication at any time of my choosing, then that is a very different case. Radios, even internet radios, have promotional value, yes, but they do not replace CDs.
Last, record companies are greedy pigs. We can all agree on it. But they do have a use - cutting out the middleman entirely leaves me in the dark about which bands to listen to (on the internet you won't know the band is a dog and too much choice is not entirely useful). So, there is some value in record companies promotion of bands, even if their terms are generally currently abusive to musicians, except ones that have massive leverage.
Pandora on the other hand? What value does it add to an artist who has to work as a waiter, as many do, to make ends meet? Greedier pig.