Did not see that one coming.
Quote: "The third alternative is to abolish DRMs entirely. ... This is clearly the best alternative for consumers, and Apple would embrace it in a heartbeat. If the big four music companies would license Apple their music without the requirement that it be protected with a DRM, we would switch to selling only DRM-free music on our iTunes store."
My uneducated guess is that the 1.69 pricing tier is a trade for stripping DRM off the backcatalogue.