Yes its called Digital Musician Net. It lets recording artists and producers produce and record music from anywhere in the world. www.digitalmusician.net basic accounts are free. Studio 1 month 35 Euros, 3 months 99 Euro. If someone wants to try it with me I am game.
Short note off the webpage:
yourself to other musicians and producers via the revolutionary DML VST 2.0 plug-in. Record CD quality audio & MIDI online and in sync with your playback via a standard DSL connection.