A show on MTV in the 90's is the only reason this domain has any level of excitement. If that show never existed, the responses in here probably wouldn't be higher than low $xxx.
With that in mind, I'm not high on this domain in terms of development. It would be a difficult project with VERY FEW end users. Serious music sites are a headache to run since there is a constant avalanche of content that needs to be created or they go stale very quickly.
IMO it's a domainer's domain at the price point it is likely to be at - which I mostly agree with the thread, is probably at low $x,xxx. Maybe mid $x,xxx. It will never be seriously developed though.