Nerdfest writes to mention that just weeks after Apple announced their new "Cocktail" digital album project, the four big record companies are moving forward with their own project dubbed "CMX." The new digital album will feature songs, lyrics, videos, liner notes, and artwork. "However, this may be of little interest if CMX isn't compatible with iTunes, the default music software for iPods, iPhones and Apple computers. Whereas labels are eager to resuscitate the album format in an age of singles, Apple is concerned with selling hardware, including a tablet computer rumored to be launching this fall. The major labels plan to launch CMX, which is just a working title for the format, in November. It will reportedly be 'soft-launched' with a few select releases."