I heard about the Weed filesharing system a while ago but didn't move to post about it. Now that everyone is talking about it, I'll amplify what I think is a great idea on the web.
Basically, the guys who created Weed understand that filesharing fans are valuable to artists and deserve to be rewarded for their promotion, not punished. So with their system, any fan who shares a Weed file (which is playable in any Windows media device) gets a 20% cut of the money from anyone paying for the file. The artist gets 50%, and the rest is split between Weed and whoever else shared the file along the way. To protect the artist and encourage sales, the file can only be played 3 times by one user before it prompts you to buy.
It sounds good, but feels complicated. I expect only indie artists to really hop on this. Chuck D has his music on there, but he seems to love giving away music nowadays just to prove a point.
(Wouldn't it be great if all those mp3 blogs out there adopted this system? Hmmm....)
Anyway, I hope the format succeeds. Weed could be the new MP3.com.