MOG Promises $5 Monthly All-You-Can-Eat Music Starting December 2nd

Courtesy of Mashable.com

Subscription music services have been around for some time, but have never taken off in a way that eclipsed the success of the a la carte iTunes model. Napster and Rhapsody are two of the bigger names that remain, offering services between $7 and $15 per month for various flavors of streaming, MP3 downloads, and DRM-tethered mobile support.

Now a new entrant will be breaking onto the scene at a $5 price point for all-you-can-stream playback and what looks to be a very nice interface for managing your music and playlists. The MOG Music Network has existed previously as an aggregated collection of MP3 blogs along with editorial curated content focused on identifying hot new trends in the music world. On December 2, they’ll be launching their ambitious new subscription service that hopes to find the sweet spot in the music subscription space.

Tracks will stream at a high-quality 256Kbps in the for now browser-based service, which has plans to launch a mobile music component by as early as the end of 2009. The MOG service will be neck and neck with Spotify, another subscription-based music service that will offer some advertising supported and some paid levels of use when it crosses the Atlantic to launch in the U.S.

Check out an introductory video about the MOG service below and let us know what you think. Many folks prefer to own their music collections, while some prefer the buffet-style approach and are eagerly awaiting both Spotify and MOG as new alternatives to Napster and Rhapsody. Would you consider spending a monthly subscription fee for unlimited access to a large on-demand music library?