Yet another free storage service has launched, however this one, called Echodio, integrates directly into your iTunes and lets you stream uploaded music.  They’re currently in beta and offering 1GB of storage for free.  To use the service you simply sign up, install a plugin on your computer and then drag and drop the songs you want to upload to a designated playlist.  Right now you can only access your music by launching Boxee, but they hard at work to develop a ‘rich web player’ and an iPhone app.  The service is free, but once out of beta they plan on charging on a per gigabyte basis.

Unfortunately, I really don’t see this taking off since Dropbox offers a comparable service with 5GB of storage for free and you can upload any file you desire.  Sure, it doesn’t integrate directly into iTunes, but uploaded music can be accessed and streamed via any old web browser.  Give me 40GB of storage and an ad supported model and then were talking.

[Echodio via Techcrunch]