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

• RadioLover^{the best} (Shareware - $15/Mac OS X) - allows you to record mp3 Icecast compatible and M3U/EXTM3U style web radio streams found on popular sites and in iTunes Radio Tuner. RadioLover can record multiple web radio streams at the same time, making a new mp3 file for each song and automatically tagging mp3 file with artist, album, radio station and track number.
  RadioLover can schedule recordings of your favourite shows, Import from iTunes Radio Tuner and much more.

• INet Stream Archiver ($15/Mac OS X) - allows you to capture Icecast compatible internet radio. While recording, it will check the track name being played and make a new mp3 file when a new song starts - each mp3 file will have the right song name. You can also capture multiple radio stations, depending on how much bandwith you have. The demo version of the program automatically turns itself off after thirty-minutes.

• StreamRipperX (Free/Mac OS X) - Records from multiple stations at the same time. Hundreds of radio stations supported: ITUNES radio stations, Shoutcast / Icecast compatible stations. This program can make a new file for each song (if track data is provided by the radio station).
  Product is no longer developed.