Reading the article inspired me to finally try out the process on my own band’s material. The process worked flawlessly to choose and publish a license – in our case we used the Sampling Plus license, which states:
You are free:
To sample, mash-up, or otherwise creatively transform this work for commercial or noncommercial purposes.
To perform, display, and distribute copies of this whole work for noncommercial purposes (e.g., file-sharing or noncommercial webcasting).
You must give the original author credit.
You may not use this work to advertise for or promote anything but the work you create from it.
For any reuse or distribution, you must make clear to others the license terms of this work.
Your fair use and other rights are in no way affected by the above.
I have not yet tried embedding links to the license into the tags of the mp3 files themselves, but that will be the next adventure.
I can easily envision the CC licensing process encouraging whole new realms of creativity!