Agree in part. The target audience will clearly be the small % of affluent consumers. That small % of people in that region of the world is a market opportunity of similar size to the US opportunity. Agree with you on the burning cash issue, but once they "tune" the model on volume/distribution and retention strategies, they will gain the traction they need. This of course ignores the possible competition satellite radio has in store for iTunes, etc., as Tivo-like technology will make them a fierce competitor on the sale of music. All in all, well worth speculating. Particularly at this price.
Your all words. Investors need to focus on the bottom line. At $1 or .25 cents this is worth the risk. Currently the stock is trading at over 6X its value. Let the company first prove its bottomline, then invest. Otherwise you are just throwing bullshit and trying to suck in more bagholders like yourself.