Mulling Mixwit

Mixwit lets you create and share playlists using music culled from the Web via Seeqpod. So I ask you, is this legal? Right? Fair? One thing's certain: it's really fun. And although there's no evident business model, if I were a label exec I'd be helping these guys to find one.... (If an image of an old-school BASF tape doesn't appear below, click here -- I haven't had much luck getting the embedded player to work with IE.)