RM Downloader is a Real Media and MP3 Stream Ripper/Grabber (not direct sound recording program), which makes it easy to download Real Video, Real Audio, SHOUTcast and Icecast streams. And it separates the received stream into individual songs automatically.
It supports to record streaming video and audio (.PLS, .M3U, .RM, . RMJ, .RAM, .RA, .RMVB, .SMI, .SMIL, and .RPM) streamed through the following protocols: HTTP, RTSP, and PNM. RM Downloader has a winner interface, you will find it very easy to navigate.