But Kevin referred to HD2s and HD3s, which are already accessible for free on any HD radio receiver. That genie is already out of the bottle. I suppose a day could come when HD radio could be encrypted. But who's going to pump money into an encryption technology for something that requires new HD receivers? Theoretically, Analog FM could also be encrypted for subscription. But that still begs the point -- who would buy a newer technology, encrypted FM receiver? I don't see FM or HD's situation changing to subscription -- there already are numerous online, streaming subscription services for probably most commercial uses. Every grocery, box and drug store I walk into that has music is using one. Even pubs and taverns have internet jukeboxes, which isn't much different.What they're talking about is similar to the way SCA was used at one time. It wouldn't be for consumer use, but commercial subscribers. And yes, it would be encoded.