Nice bit of kit that's free - Reviews Herehttp://download.cnet.com/Screamer-Radio/3000-2168_4-10368417.html
This is a superb piece of freeware I've been using for a few years. It's basically an internet radio player that can record to mp3 format. Record Music from thousands of channels all over the world.
* It's easy to use
* It's not bloated
* It's ad free
* It has no spyware
* It has a huge database of radio stations
* It has a cool peak meter ;)
* You can easily record what you're listening to
* You can hide it in the system tray
* You can play back on multiple soundcards
* .. and it's free!
Supported Stream Types
* Shoutcast and Icecast MP3 Streaming
* Icecast OGG Vorbis Streaming
* WMA Streaming
* AAC Streaming
* Recording buffer: start recording in the middle and still save the entire song!
* Direct MP3 Audio stream saving, no loss of quality!
* Direct OGG Vorbis stream saving, no loss of quality!
* Or encode OGG Vorbis as MP3 using Lame
* Encode WMA or AAC to MP3 using Lame