New Radiohead Album

On October 10th, Radiohead is releasing their new album In Rainbows. This album happens to be the most progressive experiment in recent music history. Since their contract with EMI has ended, the band members are trying out what they call the 'Honesty Box' experiment. All records are sold at a 'pay what you want' price. The album however is digital instead of having a physical CD and cover etc). It presents a few things for people to think about -- right off the bat, are you going to take the album for a cent with zero-guilt (hence the title 'Honesty Box'). Do you think records are over/under-priced as they are? And how much would you pay for a 'digital album'? In asking fans to decide on their own album price, it forces other bands and businesses outside of Radiohead to consider the same concept of 'Open Source' as a business model. With so much flexibility, the most intriguing result is whether it is more profitable for the band to go without a record label altogether. So far, the results are apparently averaging at regular record prices, with the odd one-cent-er.

You can visit the website here to have a look for yourself and purchase the digital record if you want.
Also, read ZDNet blog to read about open source on the web.