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Here is a fantastic opportunity for a Web Entrepreneur- the Odeo website is for sale:

In the last few months, we here at Obvious have been increasingly focused on Twitter. As a result, our original product, Odeo, has not gotten the attention it deserves.It does not cost us much to run�in fact, AdSense covers the hosting�but on the web you need to constantly improve, or fade away. We’ve put too much into Odeo to want to see it fade away. And it still has tons of potential. But we’re not improving it fast enough.

It seems likely Odeo is worth more to someone else than it is to us at this point, so we’re looking for a new home for it. We’ve been having some conversations with potential buyers, and this is our attempt to put the word out more widely in the most expeditious way (and without involving investment bankers and the like). If we don’t get any attractive offers, we’ll continue to run it.

To clarify, what we’re talking about is selling odeo.com and studio.odeo.com, including all code, the domain, brand, database of three million MP3s, etc. Not a company, but a site and platform that could be ramped up to something much bigger.

Odeo is (from the website): “3,001,268 mp3s from all over the web, which have been played from Odeo 12,775,375 times.

You can download or play them straight from here for free. (You can also put them on your web site.)

And like 252,684 other people, you can create an account, so you can subscribe to things and save the stuff you like.”

And it is not just music. In fact the tags for productivity and technology led me to be able to install the nifty widget you see to the right, with Merlin Mann’s interview of David Allen, the author of Getting Things Done.

In fact, with 3 million MP3s from “all over the web” , Odeo has the potential to be a vast resource that Web Entrepreneurs can leverage for their own sites, or a time-eating nightmare if you aren’t careful about the surfing.