The main problems would be:
-User base. You would need talented people on board to get talented people on board. Simple catch-22
-Quality. Even the most talented musicians could have the worst recording setup. And vice versa. You could have a decked out studio but have the worst ideas of all time.
-Novelty factor. People have thought of this before, but it hasn't really penetrated the general consciousness. Nothing will ever beat a group of musicians playing music together live.
It's a great way to build ideas and tracks, collaborate across vast distances and connect with people on a new level, but I get the feeling that these technologies are more of a building block to something bigger rather than an end result unto itself.
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