How to use GroupBy using Dynamic LINQ

There is default it defined, you can use it to return matched elements:

var mydataGrouped = mydata.GroupBy("Shop", "it");  

To iterate through results you should additionally Select elements to name it and use dynamics:

var mydataGrouped = mydata.GroupBy("Shop", "it").Select("new (it.Key as Shop, it as Albums)");

foreach (dynamic group in mydataGrouped)
{
   foreach (dynamic album in group.Albums)
   {
      Console.WriteLine(album.Author);
   }
}

You may construct the group by expression dynamically or give a try to this Dynamic LINQ library presented on ScottGu's page:
http://weblogs.asp.net/scottgu/archive/2008/01/07/dynamic-linq-part-1-using-the-linq-dynamic-query-library.aspx