Yeah, but that's a bit of a reach "announcement for iOS" would make more sense if it was just 4.2.
I still think it's related to the iTunes store, and won't require any changes to the iTunes app itself.
The period between both phrases indicates that it's either one of the following:
- Streaming/cloud service saving everything up in the sky, so that "nobody forgets anything";
- or in TRULY unforgettable terms, FINALLY The Beatles on iTunes...
And nothing else.