Rhapsody’s iPhone App Downloaded 500K

Rhapsody's iPhone app has been downloaded 500,000 time according to the company.  "Over 500K shrewd users have decided that unlimited access to practically any song, practically anywhere ain't such a bad idea," wrote Rhapsody's Garrett Kamps on the company's blog. Exactly how many are also paying $12.99 a month for a Rhapsody Unlimited subscription was not disclosed.

The company also announced that pending approval by Apple, a new version of Rhapsody's app will feature improved sound quality and stability. Future versions are also in the works.