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Websites are serious Business! Don't mistake websites as a trend. This is out with the Old, in with the New. The top reasons a website is an important benefit to any Organization or Business are as follows.
This is a thorough list of Do's and Don'ts for a musician's website. Things like don't use Flash intros and do make your songs downloadable rather than streaming. (I don't agree with everything 100%, but definitely with most of it.)
Experts at Apple have put together a great guide to issues like browser compatability, good CSS practices, and great overall design. Lots of great insights!
Keeping functionality and presentation seperate allows for website design that is not crippled when a visitor cannot view Flash or even run JavaScript. This article explains a method for dropping Flash content in only when the visitor's browser is compatible, providing perfectly SEO-friendly content regardless of how the human visitor renders your website.
Evidently, Flash is more friendly to search engines than it often receives credit. Here's a little info (on the technical side aimed at developers) for making Flash successful in an SEO-minded world wide web.