The most POPULAR stream recording software (free download):

• REPLAY CAPTURE SUITE
  the best audio/video stream recording/capturing bundle
• WM RECORDER BONUS BUNDLE
  the best video recording bundle
• REPLAY MEDIA CATCHER
  the best audio/video stream download/capture software. Supports the most popular flash video format (RTMP and HTTP).
• REPLAY MUSIC
  the best streaming music recorder
• RTMPDUMP
  freeware RTMP/RTMPE downloader
• TUBEDIGGER
  flash media RTMP/RTMPE download and capture software
• GETFLV
  flash video RTMP/RTMPE downloader
• WM RECORDER
  the best Windows Media, Real Audio/Video stream capture software
• REPLAY TELECORDER
  record audio/video calls from Skype
• REPLAY VIDEO CAPTURE
  record any video from screen

Other RECOMMENDED software and services:

• REPLAY MEDIA GUIDE
  free service to find and record online radio, Internet TV, podcasts
• AVS VIDEO TOOLS
  convert, split, join, remove commercials, edit, rotate, apply effects, capture, transfer, copy, rip and burn DVD and video files
• EMUSIC
  the best legal music download service
• AUDIBLE
  download audio books, audio magazines, newspapers, radio programs
• SOUNDTAXI
  remove DRM protection from Windows Media, iTunes music and video files

mp3DirectCut (Freeware / Windows) is a fast and extensive free audio editor and recorder for compressed mp3. You can directly cut, copy, paste or change the volume with no need to decompress your files (e.g. to wav format) for audio editing. This saves encoding time and preserves the original quality, because nothing will be re-encoded. The built in recorder creates mp3 on the fly from your audio input. Using Cue sheets, pause detection or Auto cue you can easily divide long files.

• Lossless MP3 trimming and cutting
• Non-destructive cut, copy, paste
• Volume change, fade, normalize, pause detection
• mp3 recording with ACM or Lame encoder
• Fast mp3 visualisation and easy navigation
• Supports Layer 2 (dvd/dvb audio)
• ID3v1.1 tag editor, ID3v2 tag keeping
• Cue Sheet support
• Auto cue (track dividing by time values)
• Track splitting with filename and ID3v1.1 tag creation
• VU meter, bitrate visualisation
• High speed recorder
• Fast play
• Command line usage

Requirements:

• Windows, or Linux with Wine, or Intel based Mac running Bootcamp or Parallels Desktop for Max OS X.

Hint: Looking for an easy way to convert Youtube to MP3 or download YouTube Videos? Try Freecorder.