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The question period after today's launch of Google's OneBox music search focused a great deal on the project delivering users with easy "legitimate music" versus other illegitimate sources. While discussion was centered around squashing the millions of illegal torrent files available for download, the truth is that a number of streaming music sites like Grooveshark have worked hard to pen legitimate label deals. While some may wonder why iLike and Lala were chosen above others to benefit from the Google deal, many more are worried that the companies will be unable to offset label fees via premium subscriptions and advertising.

Google has just announced the launch of Google Music. This new service is powered by Lala and MySpace's iLike. Other partners include Gracenote, iMeem, Pandora and Rhapsody. Google has also partnered with the major music labels: EMI, Sony Music, Universal Music Group and Warner Music. Through Lala and iLike, Google will also be able to feature music from a large number of independent labels. This new service will be available only in the US for now and will be integrated in the default search results page.

We just got an invitation to a MySpace press conference with MySpace CEO Owen Van Natta that will start at 11:45am PDT. We also just received news that MySpace did indeed enter into an agreement to acquire the music recommendation service iLike. The financial terms of the acquisition were not released.

We will live blog the press conference, which should get underway shortly.

Awesome New York band Sonic Youth today unveiled The Eternal, the 16th album of its 27 year career. The band chose to bring the album into the light of day through an exclusive streaming agreement with iLike.com, a company that Ticketmaster invested $13 million in in 2006. Sonic Youth has always been a band of iconoclasts, growling outsiders, and now they've partnered with a property significant investor of one of the most obnoxious companies in the music industry? What's up with that?

From Pearl Jam to String Cheese Incident to Bruce Springsteen to millions of fans whose pocketbooks smart with every inflated Ticketmaster service fee - this is a company that almost no one likes. At first listen it's a good album, but ugh what a marketing decision.