Live from WWDC: Steve Jobs has announced that podcasting will be built into the next version of iTunes, and the iTunes Music Store will incorporate a podcast directory. Jobs calls the tech “Wayne’s World for radio” but notes that, of the 8,000 podcasts available, it’s not just amateurs. This is the “hottest thing going in radio,” says Apple’s chief.

Even Apple is getting in on the act: Apple will produce its own new music Tuesday podcast.

CDM contributing editor Lee Sherman contributed live from the WWDC keynote for this report.