Do We Need an iTunes Server Version?
iTunes Server would allow each user to set up an account and build a personal library. These accounts would ensure that the server program knows exactly which files each user wants to access. Users’ library files would remain on their individual computers, and they would be able to create their own playlists, add ratings, and keep track of their play counts and last played dates.
When the server is first set up, users would be able to choose which files they see in their copies of iTunes; this would also affect what they can sync to their iOS devices.
Sounds interesting, but my money is on iTunes in the cloud making the whole process easier, faster and, overall, better.