Good News for iPod owners: Apple is slashing the price of its premium DRM-free music tracks offered on iTunes. The iTunes website, which sells the only DRM protected music compatible with the iPod music player, has offered DRM free music tracks for a while now. However, those tracks cost more money than your average iPod only songs.

While 99 cents would allow you to gobble up your protected track, you’d need to shell out 1.29 for a DRM-free version. This made iTunes songs that could play on any MP3 player available, but at a cost that made them a bit less desirable. (Author’s note: a little known fact about iPods is that they are fully capable of playing DRM-free music. They cannot, however, play anything with a DRM protection other than that of Apple’s iTunes.)

But this higher price was not to last: Amazon has started hawking MP3s of it’s own, and without any DRM nonsense cluttering the issue. And they price much of their music below even iTune’s lowest prices (between 89 and 99 cents). This is the reason many speculators give for Apple’s price drop. One thing is certain: DRM free tracks are now 99 cents on iTunes, the cost of an original DRM protected song on the website. Which does beg the question: Why would anyone who doesn’t own an iPod shop at iTunes?