No need for storage on my computer?

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Yes, you can!
But you must wait until all the music will be uploaded and you will not see an a track's update.
Also the folder view will be empty because it's a view which connected to your computer and you will not be able to download your music back from MeCanto meanwhile a legality issue .

Why are downloads not allowed? I understand your concern, but since the user has paid for the mp3s, shouldn't they be allowed to download their own files? It's not like they are sharing them.

Hi,
Download issue is still waiting for an authorization, therefor it's not allowed.
But it still in our TODO list and we want to make it available to our users.