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To further what JJRousseau said, not only is it fair but these profits are going to be there no matter how much the artist is paid. If Madonna only got $2 million for a record that made hundreds of millions there are those who would be screaming about how the recording industry is making gobs of money off the backs of talented artists.
But back to the main point. I'm not going to argue copyright law or whether it's wrong to download music, because that sort of discussion is academic. iTunes does really well because there are a lot of people who'd rather pay a small fee for music than deal with all the crap that the free p2p programs include (such as spyware, viruses and mislabelled content). This is the new way of distributing music and you can legislate it all you want, but it's not going to go away. The record labels as they exist now have the option of adapting to the new way of doing things or simply going extinct.
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