Information gathered at the Digital Hollywood pre-show suggests Google is holding an invitation only event for twenty top music industry executives this Thursday. This may suggest that Google is moving forward plans to compete with Apple and others in the downloadable music space.
The topic of this meeting isn't known, but we can speculate that Google may be showing an early stage product that is in the making or trying to form partnerships like they have with CBS.
In January I stumbled across some information that led me to believe a music service was in the making -- this roundtable might be the next logical step in the evolution for such a product.
Google has been working hard on "Google Purchases" and will most likely be the payment processor for a future Google Music Store (similar to the Video Store) if one is indeed in the works.