What’s up with this rumor that Apple and Jay-Z–fresh from the president’s chair at Def Jam–will be collaborating on a sure-to-be Internet-blowing-up online record label thinger? It makes sense that Apple would want to get with the most famous and most rapping-est label guy around, but it seems a little odd that they’d want to work with a dude who’s clinging to some outdated ideas about music distribution and who basically dissed on the whole iTunes model by refusing to break American Gangster into singles. And what about the rumors that Radiohead have been signed on as VPs and that the label’s first release is going to be a Feist concept album all about LOLcats? They aren’t true. I just made them up.