WM Downloader is a Windows Media and MP3 Stream Ripper/Grabber (not direct sound recording program), which makes it easy to download Windows Video, Windows Audio, SHOUTcast and Icecast streams. And it divides the received stream into individual sections automatically. It enables to record streaming video and audio streams in formats like .PLS, .M3U, .ASF, . ASX, . WMA, .WMV, .WPL, .WAX, .WVX, and .WMX by the following protocols: HTTP, Windows Media's RTSP, and MMS. Its user interface is easy to navigate.

Records both video and audio streams (Windows Audio, Windows Video, Windows Media,: ASF, WMA, WMV and ASX)
Captures SHOUTcast streams (pls, http)
Parse web pages and list files to get the media files automatically
Marvelous speed when recording mms stream
Parse web pages and list files to get the media files automatically
Download live online radio streams like Winamp SHOUTcast, Icecast, and other Radio stations using Windows Media Player to play the stream
Split songs by file's size automatically
Split songs by the duration automatically
Split songs by stream's title automatically
Names the individual songs automatically using the stream information
Automatically tags songs with title, artist, album and genre information
A schedule, which allow you to record online streaming music at any time.
A new skin strategy, which allow you to change the way your ripper looks by changing its skin.
A log file, which makes it available to check WM Downloader's record. 
Powerful Command Lines
A winner interface easy to navigate Â? Free drag and drop features