I don't think anyone will be really surprised by the announcement by Lala that it will beclosing its doors on May 31. When Apple gobbled up the service, many expected it to be integrated into Apple offerings and shut down and that is exactly the case.
Lala reports that users of the service will be able to continue using Lala through the 31 of May, but no new customers are being accepted. Any credits that users still have in Lala will reportedly be transferred over to iTunes.
This may not be all bad news. TechCrunch reports that the hope is the closing of Lala signals a new iTunes.com. There are lots of iPhone and iPod users out there who have long wished for a subscription service from Apple, this could be the first sign that one is in bound.