Apple iRadio royalty terms leak out, and they could kill Pandora

I am really excited about the new iTunes Radio that is coming out this fall, and I think that it will definitely be giving both Pandora and Spotify a run for the money. It looks to me like the iRadio will be a much better choice than either Pandora or Spotify, which is already very expensive to get their premium service.
I just have the free edition of both programs, but since I am usually on my iPad, and Spotify really doesn't work there, unless you have premium, I only listen to Pandora.
I have iTunes Match, so that will make iRadio Premium free, and no ads, and I can use it on all of my devices, so obviously, it is going to be the best choice for me.
 
I use Slacker, and pay 3.99 a month just so I can cache my stations, and get unlimited skips. With that said, I am also an iTunes Match subscriber, but will most likely not use iTunes Radio because of the two features previously mentioned that Slacker has that I use daily. Just sayin....
 
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