A lot of of chatter was generated when the team behind StarPlayr announced it was dumping its project to bring Sirius XM content to the iPhone and iPod Touch. Naturally, is was presumed that one of the main reasons for Apple’s decision — though logic is seemingly not always a consideration when Apple rejects apps — was a Sirius XM streaming app already in the works from the Satellite Radio provider itself. Sure enough this morning’s earnings call was the forum the struggling company chose to announce a forthcoming app. Forgetting the company posted a Q4 loss of $245.8 million, Sirius XM’s radio streaming app for the iPhone and iPod Touch will be released sometime in Q2 and judging by recent changes in the company’s subscription options, expect it to cost money one way or another.