Radiosity

Radiosity allows you to set up scheduled recordings from Shoutcast-compatible Internet radio streams. You set the days of the week that you want to record, the time, and the Internet station, and Radiosity will record anything you want for listening later in iTunes, your iPod or wherever you wish.
Features:.
* Schedule recordings for later playback..
* Record multiple shows at the same time..
* Access thousands of Shoutcast-compatible Internet radio streams..
* All shows recorded as individual mp3 files..
* It's like a VCR or TiVo for your favorite Internet radio station!.
* Free!.
* Universal Binary.

Requirements:

Mac OS 10.4 or higher