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iPhone App: Alchemize
The fact is, the majority of people don't have Tivo and probably never will. It's a luxury for techies. The common man uses stuff like "on demand" TV programming or they deal with the commercials. (I have a Tivo, by the way. It sits in the closet because it doesn't cooperate with the cable company and I hate satellite.)
Likewise, there are plenty of people who still use cassette tapes and CDs instead of iPods. And so long as iTunes continues to suck, people like me will continue to buy and trade CDs. (I love my iPod, I hate my iTunes.) And there are plenty of people who listen to the radio.
(PS - The Glitch looks lame to me. But I'm sure plenty of young men will love it. So if that's your target market... advertise there.)
I might be a person that would resubscribe to my lapsed newspaper or Wired Magazine subscriptions if it were an ad-free version. It might only be 15 pages long but I'd be willing to pay extra for it :)