Is Shawn Fanning's Snocap melting?

newtley writes "Rumors are swirling about the pending demise of Napster creator Shawn Fanning's Snocap, says former MP3.com CEO Michael Robertson. 'Articles mention a sale, but more likely it will be a shuttering and quiet bankruptcy,' he believes. 'Snocap represents a commonplace occurrence in the music business — an unprofitable retailer which withers and eventually dies.'"