True, but if they have a system ready to roll and are in a good negotiation position (iTunes is effectively a monopoly) it puts a lot of pressure on the labels to sign
The major labels have a love/hate relationship with iTunes. It brings in loads of cash, but it's a monopoly and the majors have little to no control (on price and promo, compared to retail).
So I wouldn't be surprised if the labels are being somewhat difficult to Apple about streaming rights - they'll dominate, and once again the labels lack control.
This deal could get round that somehow?
Add to that that I think the labels have vested interests in Spotify and very favourable deals, (while cautious of the streaming model) and it makes sense to not let another player in just yet, especially one like Apple.
Apples service is one that'll ride roughshod over everything, installed instantly on 100's of millions of devices with an iOS update - Sounds like a good use of their money to get that sooner rather than later.
I haven't used Beats headphones but if their tech could be used to perceivably improve idevice's and laptops built in speaker audio it's a win there too.
It would be great if there was some sort of auto invoice (it seems you have to enter the time details in manually)
The calendar seems to always require scrolling down, it would be great if it fitted in the view
Also, mobile support if its not there, for iPad at least with a home icon
And agree with other posters here, a timer that work across page refreshes and overall calendar showing all tasks / deadlines for all projects would be awesome.