Social networking features will be the big iTunes 8 feature. It will be interesting to see just how Apple implements it.
Combine this with fullscreen video iPods that can stream music to other iPods (and computers?) and you've got Apple neutering the one unique (if poorly implemented and impossible to take advantage of) feature that the Zune has, and bring a generally copyright-friendly version of music sharing (without actually transferring files) to a mass audience.
Everything else will just be gravvy.
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