iTunes subscription option in the works?

While perusing the internet today I found an interesting link to ft.com (thanks engadget!) that basically said Apple is in the process of working out a subscription service with large music companies to allow users access to the entire iTunes music library. Now the reaction from users really seems positive regarding this idea, however, I’m not sure how I feel about it. It seems this would only cater to avid music fans. I’m still all for the individual purchase of albums and songs. I want to know how you feel about this! So write it up and let us know.