YES! This guy is an inspiration. As a musician I'm so happy that this is becoming a valid model of art distribution - rather than having to sign with a label and end up taking about 2% (ok, maybe it's not quite that bad) of sales.
Also, point 3. It's like WHAAAaAAAaAT?!
Moreover, the videos are extraordinary. Robots? Light shows? YESSSS! :D
All the good things to say about Jack Conte
Point number 3 are words I'd love to hear from more founders. Admittedly many need to take a salary too (since their site is what they do, but to be a user of your own product and have that passion for it is a great way to ensure you produce an awesome product.