By Leah Greenblatt
April 07, 2009 at 10:54 PM EDT

Today, Apple finally unveiled two long-awaited features: the removal of digital rights management (DRM) from music sold at their iTunes Store, and the instituting of tiered pricing for individual songs and albums.

So what does that mean for you?  Basically, both more and possibly less bang for your buck — or rather, your 99 cents. Some songs will sell for 69 cents, others for $1.29, and some will stay at 99 cents, though it’s not at their discretion; the cost will be based on the wholesale prices set by the music labels.

According to the New York Times, a good third of the current Top 100 are selling at the high end; that means new singles from Flo Rida, the Zac Brown Band and Soulja Boy will cost you more, while Miley Cyrus and Katy Perry remain a relative bargain at $0.99 (insert “I dissed a girl” joke here).

A quick glance at iTunes reveals a few of the 69-cent bargains, too: Everything from the Clash’s “London Calling” to Elvis’s “Blue Suede Shoes.” But it also means you’re paying 30 cents more for Ciara’s now-$1.29 “Love Sex Magic” than you were yesterday. So what do you think, readers? Is this a good thing, or does the new caste system feel too arbitary? Will you be carting your business off to Amazon or other digital music services?