I can't say I'm happy about the new pricing structure. On the other hand I'm not surprised.
Just like when they got rid of the "unlimited" DL policy, the way the pricing has been here, it just didn't seem sustainable. If for no other reason than the labels were going to want more money per album (as opposed to "per track"). As someone mentioned, labels like Black Saint/Soul Note could not possibly be making any money from this business model. They would have left eMusic sooner or later, anyway.
Like many others, my sub is still good until January, so I've got some time to contemplate continuing. I'm inclined to go with Bev's reasoning: "... it will be a case of seeing what is cost effective. If it's cheaper off e-music, I'll go there. If it can be had cheaper elsewhere (as the 'Classics' albums can be had from Amazon_mp3), then I'll go there."