Now I really do not have a problem with Last.fm being acquired By CBS, except that it proves what I have known; Why build something when you can just buy what someone else has already built? LiveJournal was acquired by SixApart, Myspace by Fox, Youtube by Google, Photobucket by Myspace(fox), and now Last.fm by CBS.
Now really, LJ has not changed much (I do say that loosely) since being taken over by SixApart. Myspace is still the same peice of shit that it was (Fox really has not done much there but maybe throw money at it), Photobucket is still Photobucket, and if anything Youtube has only gotten better since it was acquired by Google and became Goo-Tube. So why should Last.fm be any different.
Really, it’s a testament to what Russ, RJ, and the rest of the Last.fm group have built over the last few years. They started with only a dream, and through out all the growth, pain, and failures managed to build a very successful website that if anything has help spark a music social revolution.