Fjan11 writes "Steve Jobs just announced that starting next month on you can buy higher quality 256Kbps AAC encoded DRM-free versions of iTunes songs for $1.29. Upgrades to songs you've already bought will be available at the $0.30 price difference. Currently EMI is the only publisher participating, accounting for about 20% of the songs available."
There's also reports from Reuters
and ABC News
. The deal excludes the Beatles
. You can also read the official press release
from Apple if you still think this a late joke; this story confirms earlier speculation.