Leaked information on the new Android Music app posted on the Engadget blog earlier this week might give users and developers clues about what the Android 3.0 operating system will look like. Android programmers can likely expect a revamped user interface with Android 3.0, including the possibility that Google is getting rid of its hardware buttons entirely and transitioning to full menu functionality through touch-screens within its apps.

According to Fortune, the new Android Music app that was leaked to Engadget is a good way to organize music files within a cloud setting. However, Android developers should note that the app appears to have significant limitations when it comes to streaming music to a device. It’s a potential problem which could hamper development of next-generation content streaming on Android devices.

The speculation is that the Android Music app will ship with the Android 3.0 operating system known as “Honeycomb” that is being touted by Motorola for their upcoming tablet computing device.

 Search engine giant Google stirred controversy over the weekend by its inability to clinch a deal with Groupon which provides online marketing services for local entrepreneurs. The supposedly expensive acquisition is being viewed by business analysts in two ways, specifically as an almost overpaid transaction or a mistake that could cost the company in terms of strategic business planning. The previous week, Google was engaged in negotiations with Groupon about price which reached US$5 billion. This information was disclosed by an official who was familiar with the dealings between the two companies which would have proved to be Google’s biggest ever.

Unfortunately, negotiations fell through by the end of the week. Analysts and investors say that with the enormous price that Google was willing to shell out for the two-year old company, there’s proof that young internet businesses are headed in the right track. Forrester Research business analyst Augie Ray says that prices for young online businesses are rising, especially for those that have recently started. Ray adds that prices are solely based on speculations made by fellow business analysts internally working for the companies involved.

Meanwhile, a New York venture capitalist Fred Wilson who served as an early financial supporter of social media starters Twitter and Foursquare, said over at a weekend post that investment in certain businesses have increased to an almost hyperactive level. Wilson adds that inventors are now splurging their money investing on young and hyperactive businesses which plan ahead and have big hopes and dreams for their company.