It really does... TechDirt has an article remarking the same trend.
I wonder if this will ultimately drive (physical) album prices up or down. I personally like to have the album, art, etc., in physical form and not just digital.
Regardless, it seems like a great move, especially for the popular bands that don't really need a record label to project them to the world.

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The landslide begins
To prove that this is not just a British fad, Nine Inch Nails' Trent Reznor announced that they are no longer associated with a record label.
The official announcement is on the NIN website.
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