The (presumably biased) Dr. Mac from the Houston Chronicle seems to think so.
In this article, he smashes the advertising, ease-of-use, and licensing of the new site.
However, the best line was definitely in this selection:"The site is called BuyMusic.com. At first glance it looks a lot like Apple's offering and markets itself using TV commercials that are a note-for-note rip-off of the lauded Apple spots.
That's where the similarities end. Simply put, while iTunes Music Store is the Rolls-Royce of online music, BuyMusic.com is a Yugo. "