Rick Rubin and the music business

A few days ago i read an italian translation of a long interview with Rick Rubin.
Here you can find the original version in english:

http://www.nytimes.com/2007/09/02/magazine/02rubin.t.html?_r=1&oref=slogin

Rick Rubin is one of the most famous producers in USA, he worked with people like Beastie Boys, Slayer, Red Hot Chili Peppers and Johnny Cash.
In the article Rubin explains his idea of fighting file sharing: "You would subscribe to music, You'd pay, say, $19.95 a month, and the music will come anywhere you'd like. In this new world, there will be a virtual library that will be accessible from your car, from your cellphone, from your computer, from your television. Anywhere. The iPod will be obsolete, but there would be a Walkman-like device you could plug into speakers at home. You'll say, 'Today I want to listen to ... Simon and Garfunkel,' and there they are. The service can have demos, bootlegs, concerts, whatever context the artist wants to put out. And once that model is put into place, the industry will grow 10 times the size it is now."

Is this system going to work?
Would you pay 19,95$ a month for something you can get for free in emule??
I doubt it...