That is pretty much what I thought it was, which means it doesn't do what I want it to.

I don't want to mess about with playlists, I just want it to have a running playlist like the empeg or Squeezebox. I want to be able to add tracks/albums to the running order without first having to create a playlist and switch into edit mode every time I want to add a track/album.

Unfortunately I don't expect Apple to ever provide me with this functionality.
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Remind me to change my signature to something more interesting someday