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specifically last.fm. I knwo they may be a direct competitor, however having over 20K track plays over there means that my music taste is pretty well documented. 

I second this request for Last.fm importing. They're not really a full competitor so I don't think it's a bad idea (and it would still be a good idea to allow integration even if they were a competitor). Other sites like rotten tomatoes and other movie rating services would also be good to implement. Amazon would be another. I know some of these may not have APIs or feeds to import from so they may be impossible to implement.

yes, we also see this as a significant feature, and it is coming very soon! 

we've implemented all the backend to do the data import - all that is missing is the UI to capture your last.fm user name to trigger the import.  This is being worked on right now.

 With any luck it will be on your settings page by the end Monday at latest.