Heard about this one yet? A company called ShrinkMyTunes is using NASA audio technology (”content sensitive heuristic optimization algorithms”) to reduce the size of .mp3s. ShrinkMyTunes.com offers a subscriber service to shrink your iTunes library while maintaining audio fidelity. The official site offers before-and-after song samples so you can hear the results of the shrinkage before you buy. Your files can be “reduced up to 4X while maintaining great quality.”

Looks like ShrinkMyTunes is about to reveal the truth; all this time we’ve been telling people that putting a fully loaded iPod Nano in a bucket of water will make the songs shrink.

( Just chalk that last line up to having watched Superbad too many times this month.)

Quadruple the number of songs on your iPod for $39.99.