The First Fuzzy Shot of the Sirius iPhone App

The Sirius XM iPhone app hasn't arrived as quickly as predicted, but according to CEO Mel Karmazin's PowerPoint presentation, it's at least in the final stages of planning.

The exact details are unclear from the slides, but it appears that a $2.99 monthly streaming fee may apply. Additionally, there's a shopping cart in the app. Exactly what will Sirius XM subscribers be buying?

We're guessing more details will surface shortly, but what do subscribers in the audience think? Is this an progressive move from the company, or a somewhat sad, last ditch effort to stay alive? (My guess is that it's a bit of both, but if they think that subscribers will buy music a la carte for use in a single app, they are nuts.) [Sirius Investor via Silicon Alley Insider]