With iRecordMusic you can:
Record Internet audio as MP3, AAC, AIFF, Apple Lossless, Ogg Vorbis, FLAC, 3GPP
Record in Real-Time to AAC, MP3, Ogg Vorbis, FLAC
Stream audio to Airport Express
Schedule recordings via iCal
Make multiple recordings at the same time
Tag recordings with session information
Add recordings to iTunes playlist
Split recordings manually, or automatically by time
AppleScript support
Support for audio content broadcast in:
RealAudio / RealVideo
WindowsMedia
QuickTime media
Flash web content
MP3, M3U, EXTM3U streaming net radio
Midi web sounds
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