The most POPULAR stream recording software (free download):

• REPLAY MEDIA CATCHER
  the best audio/video stream ripper. Supports the most popular flash video format (RTMP and HTTP).
• REPLAY CAPTURE SUITE
  the best audio/video stream recording/capturing bundle
• REPLAY MUSIC
  the best streaming music recorder
• WM RECORDER
  the best Windows Media, Real Audio/Video stream capture software

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

Currently, the majority of p2p Internet TV channels are from China. They also include subscription-based international TV channels like HBO, ESPN Star/Star Sports, National Geographic, although they're Chinese subtitled as they are broadcasted in China.

There are lots of TV channels to choose from. You may find the latest sporting events (including soccer or football matches), music videos and movies (including the latest blockbusters). Some radio channels are also available.

Many channels are created by individuals and thus their availability and reliability depends on them (generally the quality of such channels often suffers).

The main problem with p2p Internet TV channels is legal and copyright issues. Sooner or later copyright owners will take measures to shut down illegal broadcasts.

See also:

• p2p Internet TV Recorder PPRecorder - Record PPLive, PPStream, Coolstreaming, QQLive, SopCast, Feidian, TV Ants