FlyRecorder

FlyRecorder allows you to make high-quality audio recordings directly from your sound card. It can record streaming audio (like internet radio) directly to MP3. This saves disk space and gives you files you can easily download to an MP3 player. Also some other great features of FlyRecorder: Audio Converter (wav, mp3, ogg, ape and wma support), Live Broadcast (gives you the ability to broadcast your music to the internet with your favorite music player).