Diane Rappaport has posted an article at Just Plain Folks that's essential reading.
"There are two parallel music universes, one imploding, the other growing healthier. Growing numbers of major label business professionals that are finding themselves out of work in the major label universe are exploring options in the independent one, bringing with them the benefit of their experience and contacts. At the same time, musicians and bands that are not on Billboard's top 100 and are out of favor within the major labels are turning to independent labels. A good example is..."