Whispers in the dark corners have suggested that Apple has been trying to get unlimited access for the iTunes catalog done for a while, and our sources claim that iTunes 8 will launch it in September, but the iTunes Unlimited announcement might be delayed to October.

Our moles claim that this new business model will offer unlimited access to the iTunes music catalog for one year for the low price of US$129.99. Reports are suggesting that you will be buying the track to download it if you want to buy it or stream it under the iTunes Unlimited package.

Mac MobileMe subscribers will be getting a bit of a price break in the form of $100 or the combined total of $180 per year with a MobileMe subscription. The music is said to be encoded at 256 Kb/s for streaming. The iTunes Unlimited as it will be known will be sold as a retail box product with an access code in the box.

At a cost of $11 per month, some may question the value of unlimited steaming, but many users would be happy with the streaming with iPod Touch or iPhones, as they have the ability to easily connect to the Internet. New reports are suggesting that WiFi access could be included with the new 4G Nano, but we doubt that Apple would want to hurt the sales of the iPhone and iPod Touch just to introduce streaming to this platform.