I heard about this site back in January, but I was a bit wary as it was run out of Russia and you need to pay by credit card. I decided since it was still around and I could find nothing but good reports about it, I would give it a try.
The site lets you download music, in a range of formats (MP3, FLAC, WMV, AAC) without any DRM. You choose the sample rate and you pay $US0.01 per megabyte you download. For about US$3 I downloaded around 30 tracks, all at 340Kbps. Sound quality is excellent.
Supposedly the site is legal because they are paying royalties to a Russian music licensing service, and if it is legal in Russia then it is legal here thanks to the parallel import clauses in Australian copyright law.
The SMH has already mentioned this site, but I would love to see more people use it rather than the Australian Microsoft DRM based services – it might send a message to the music industry as to what people really want.