It is amazing to me that some people can't see the future even when it is literally sitting right at the door step already exposed!
Check out a short Q&A Brian McKinney @:
http://www.aemmp.org/site/2009/10/12/itunes-lp-vs-chocolate-lab-records-q-a-with-brian-mckinney/
If the future is in being handcuffed to iTunes... NO, thank you!
If the future is in online music distribution through an "open" interface... YES, please.
I'd be happy just to get a PDF of the liner notes.
I'd love to get my hands on this format so I can turn my DVDs into iTunes LP files, with menus, special features and all.
The .dvdmedia filetype would be what you're looking for. My copy of RipIt exports to this new format, and I was able to open it right in DVD Player (in Snow Leopard at least).