Legitimizing P2P networks, is it even worth it? While I am a huge fan of P2P technology as a whole, I am skeptical of Shawn Fanning’s latest endeavor. While Fanning may have been right about the success of Napster and others that followed, does this mean that this line of thought is going to continue to be right though?

So far, P2P has been used for everything from locating radio signals from the stars to cancer research. With Fanning and his newly received VC, cooperation with the DMCA, plus other concessions, he believes that music will once again be changed forever.

What happens when an old dog starts trying to teach new tricks himself? Original Napster creator Shawn Fanning is about to show us with his next attempt at launching a P2P revolution, Snocap. As we reported at the end of October, Snocap first landed on the map when it revealed that Sony BMG would license its Digital Rights Management technology. With the company’s official launch coming this Monday, there’s more information available about what Fanning’s view of the P2P future is. Snocap is out to “legitimize” P2P networks by encouraging music labels to license Scocap’s DRM and seed P2P networks with it. Then, when users get their songs off of P2P, perhaps they’ll have to pay to play them.