I feel like this is a brilliant move. Lyrics are a HUGE natural search category that don't have a clear leader. If Last.fm can leverage it's existing resources to have a complete, accurate database and kick ass on SEO, they stand to make a lot of money.

This is great, but the article touches on one downfall imo: You can't open up the radio and watch the lyrics flow through.

That, would be awesome.

Big props to Lyricfind here. Lyricfind actually subletted their office space here on Yonge Street in Toronto. 5 promising tech companies now share some pretty sweet office space in Toronto's mini tech section (Yonge/Eglinton).

With all the data last.fm has to play with, I never would have thought to introduce lyrics, yet it seems like such an obvious move.

This is an example of staying true to your roots. Keep your features basic and simple. You don't need to spend time developing an automated social graph combobulator engine to add value to your app.