The most POPULAR stream recording software (free download):

• WM RECORDER
  the easiest audio/video stream ripper
• REPLAY CAPTURE SUITE
  the best audio/video stream recording/capturing bundle
• REPLAY MUSIC
  the best streaming music recorder

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

Unlike Simple direct sound recording software internet radio station recorders can make individual files from each song. Plus they tag each MP3 file with the name of the song and artist.

• iRecordMusic (Shareware - $20/Mac OS X)
  iRecordMusic is a one-click audio recording software. It can record Internet audio streams as MP3, MP4-AAC (bookmarkable) or AIFF. All recordings are iPod compatible.
  It can record any sound produced by your sound card including audio content broadcast in: RealAudio / RealVideo, WindowsMedia, QuickTime media, Flash web content, MP3, M3U, EXTM3U streaming net radio, Midi web sounds.
  iRecordMusic can make multiple recordings at the same time, schedule recordings with iCal and share calendars online. It can also tag and add recordings to an iTunes playlist, making it easy to organise and find your recordings.