I do hope they do well; I really enjoy Pandora. But it has been an uphill battle for them to get this far, mostly because content owners are regressive-minded. And the battle will only get a lot more difficult as competition arises in the near future.
Looks like they recently turned their first quarterly profit.
I love Pandora. It's the app that's being run the most on all my machines (laptop/desktop/android). In my eyes it's completely overpowered things like satellite radio.
Google Music is nice, too, but only if you have a large existing library of music, and in my recent experience it's been very slow to jump from one song to the other.
I used to listen to Pandora for ~50 hours a month, but since they added in comedy show clips, my usage has jumped up quite dramatically. I absolutely love it.
And their stock price reflects it
"Chief Executive Joseph Kennedy said there was no timeline to turn a profit, though a larger audience should eventually attract advertising dollars."
http://www.reuters.com/article/2011/06/15/pandora-idUSN15283...
http://techcrunch.com/2010/06/16/tc-teardown-pandora-the-tou...
From an article dating Feb 14th, this year:
http://www.variety.com/article/VR1118032185?refCatId=1009
And from the Reuters story from yesterday:
"Chief Executive Joseph Kennedy said there was no timeline to turn a profit, though a larger audience should eventually attract advertising dollars."