SBC Communications and Yahoo! on Wednesday announced the availability of the new Music Unlimited service, providing virtually unlimited music downloads for as low as $4.99 per month.

Available exclusively to SBC Yahoo! DSL customers, the service allows subscribers to play music from an online catalog of over 1 million songs, transfer music to portable devices, rip and burn CDs, and share music through Yahoo! Messenger.

The service also allows users to play tunes from a catalog of more than 1 million songs, transfer tracks to portable devices, as well as enjoy the unique ability to share and discover music with friends through SBC Yahoo! Messenger. SBC Yahoo! Music Unlimited enables subscribers to build personalized music libraries, purchase discounted downloads, listen to commercial-free Internet radio stations and access their subscription service from any Internet-connected computer. . . .

The music unlimited service includes a free music management application that allows users to rip, mix and burn CDs, import and manage music and transfer music to portable audio devices. In addition, songs in the large music library are encoded in the highest audio quality. SBC Yahoo! customers will continue to enjoy a premium version of LAUNCHcast Internet radio that offers more than 150 preprogrammed stations, no commercial interruptions, unlimited song skipping, premium audio quality and exclusive genre and artist stations.

SBC Yahoo! Music Unlimited is available for an introductory annual fee of $59.88 or a monthly subscription fee of $6.99. The service also provides access to a music download store, allowing users to purchase and download songs for $0.99 a track. Subscribers to SBC Yahoo! Music Unlimited are offered downloads at a discounted rate of $0.79 a song. — SBC

Ah, the online music business is booming. I don’t have SBC around here, or I’d try it out myself.