Magnatune has the right idea and we love their motto: “We Are Not Evil“. They are a real record label but they give away 128 kbps mp3s of all their artist’s songs for free. If you like what you hear you can purchase higher quality DRM-free FLAC, Mp3, OGG, AAC, WAV versions at a price you set! If you don’t, you can always keep, share or delete your legally downloaded 128 kbps mp3, your choice. They are sharing revenues 50/50 with their signed artists and they allow consumers to share their purchased songs with 3 friends. What sets them apart from other “free music” web sites is that they actually sign artists that are able to produce high quality music and are serious about their work (rather than just being a random mp3 hosting site). Also, artists keep all of their work’s rights.