If you’re an iPhone/iPod Touch owner who’s music collection greatly surpasses the capacity of his/her iPod, might we offer you a solution that will not only grant you access to your iTunes library on your PC/Mac, but will also allow you to acess the collection of your friends as well.

The Simplify Media app is a free software available at the App Store that’ll allow you to stream your entire music library through the internet. All you need to do is install the application both on your iPod and your PC/Mac, and you’re on your way to enjoying limitless fun. Likewise, if you’ve got friends who already have Simplify Media running, as long as they’re part of your contacts list and they’re online, you’ll aslo be able to access their shared music as well.

This app has been around for quite sometime now, and prior to the App Store, it used to be exclusive to jailbroken units only. Aside from accessing your iTunes library remotely, it also now gives you information regarding the song such as artist info (by Last.fm) and song lyrics (by LyricWiki). Album art is also taken online but if the song title, artist and album title don’t match their records, then don’t expect it to display the right one or anything at all. 

As good as it is, it’s still not perfect. Remote access is limited only to audio files so you won’t be able to watch your favorites TV shows and movies through it. Buffering time is somewhat inconsistent, but most of the time, it’s pretty tolerable. 

So, if you’ve got everything set up, get ready to enjoy countless hours of music just as long as you’re connected to a network (Wi-Fi, 3G, or even EDGE).