Is Choruss out of tune?

In July 2008 IP Finance posted this item ("Music recordings: the Lincoff model"). Last week the same author returns to the theme in a well-reasoned piece that was published on the well-regarded IP Watch weblog, "Choruss’s Covenant: The Promised Land (Maybe) For Record Labels; A Lesser Destination For Everyone Else".   I don't feel sufficiently confident to comment on an issue which has "Made in America" stamped right through it, though I do feel that the Choruss model, if successful in the States, will be closely examined as a model for European campuses too.  Readers' comments, please!

Choruss' Music Tax Plan: Bait and Switch here
The Licensing Plate carries Jim Griffin's explanation of Choruss here