Apple’s iTunes has another reason to worry this year. Popular peer-to-peer site LimeWire has launched its own online music store, following the move of other sites such as Napster and BitTorrent to go legit.

Currently in beta phase, LimeWire Store’s pricing structure is similar to iTunes – 99 cents per track. But there are also different payment plans like $10 for 25 downloads per month, $15 for 50 downloads, and $75 for 75.

However, it cannot yet compete against the massive collection of other online music stores. Initially, it holds more than 500,000 tracks mostly from indie artists but as Download Squad pointed out, it carries big names like Dolly Parton, Gloria Gaynor, Bell X1 and Josh Rouse.

LimeWires promises to update its collection and boasts it will add thousands of tracks daily from across all genres.

via AppScout

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4. Over five billion songs sold via iTunes
5. It’s official: EMI drops DRM…sort of.