You can try out Grooveshark. It does what imeem did, but better.

What I've always wondered about relating to virtual property is how its value will is decided on a large scale, and the potential risks for abuse. Virtual property has these 2 issues:

1. Unlimited supply -> Basically anything with unlimited supply should be a price point close to 0. Assigning an arbitrary value goes against the basic rules of an economy, where demand here will not dictate price. In some economies like WoW's gold economy, there is the appearance of limited supply, and value was derived according to this supply. This is fine as long as no one acts in greed and abuses the system.

2. Which brings me to my 2nd issue, abuse. The WoW gold economy is only good until an admin gives himself millions and starts selling it, now it's in Blizzard's best interest not to let this happen, but eventually some virtual property owner will be greedy and game their own system for profit.

What has been done in the past, and what is planned for the future to overcome these 2 issues with virtual property?

Google "SOPCAST" and "p2p tv" and you will find a significant number of sites that provide live p2p video streaming. Basically while you download from someone, you upload to someone else at the same time. This is widely used for sports matches and other tv that is better enjoyed live than with an old-school torrent.

What you're saying makes perfect sense, however if there is a demand for real information, odds are something will replace newspapers for investigative reporting.

There are currently some (albeit extreme) sites that could almost qualify as replacing newspapers, such as AlterNet which runs on a donation model. Although a lot of their content does point to other sites, they do write their own material.
Furthermore, don't underestimate the power of bloggers in today's society. For local investigative reporting, small-time bloggers could potentially take the place of newspapers.
Now, for large investigative journalism projects like war journalism, I can't think of an easy solution, but maybe someone can?

1. Best price = free

2. What about if I download Led Zeppelin albums? That I own in other formats already? Is that OK with you?

3. *rolleyes*

4. Isn't that what iTunes is for?

5. True... what's your point?

6. I play guitar and love learning songs based on tabs & youtube vids. Does that make me a bad person? The RIAA thinks so.

7. People still buy CDs?