I think the iTMS is a step in the right direction. Sure, it's still a way for the RIAA to screw over their artists, but it brings music distribution to the masses who don't know what P2P is, and hopefully it will turn into something DHB supports.
As for the AAC crack, this has the potential to start up P2P with .m4p instead of .mp3. How did all those MP3's get onto the original Napster in the first place? They magically appeared out of thin air, or, more logically, speakers, right? Well, no: people bought CD's, ripped them, and shared them like there was no tomorrow. What's to stop people from doing the same with songs they've bought through the iTMS? It's not about circumventing something for yourself, it's about sacrificing something of yours for the betterment of your fellow P2P'ers.
Believe me, this crack is a very bad thingfor Apple and the RIAA. Frankly, I hope it gets going and puts the RIAA in its place, like the first Napster did.