Originally Posted by DarkScribe
I cannot speak for other jurisdictions, but in Australia if you buy an iTunes song you actually own it. Our (very strong and very easy to enforce) Trade Practices Act dismisses fine print. It regards what is offered as valid if it is "What a reasonable person would expect" on seeing the original offer. The iTunes store says "Buy now for $xxx", not lease or rent now, so here if you "buy" it, you own it. I have used our Trade Practice law successfully in the past.
You're lucky. Here in the States, laws are frequently passed to protect big business and devious practices like this buy/lease bit. Fine print is the name of the game.