Muxtape is dead? or "sorting out problems with the RIAA"

Muxtape was another service that allowed people to upload and share streaming versions of their music library (10 tracks max I think). Cool idea, nicely done, but been done before, been sued before, been killed before. So this is just what happened to Muxtape a few days ago, see below. We all knew this was coming but... when will the labels ever learn? This is your AUDIENCE. Your USERS. Your LIFE BLOOD.