TiVo your local radio stations

RadioTime is a service that provides access to over 37,000 broadcast and streaming music- and talk stations from around the globe. You can tune into a load of stations offered by the service, and play them through either Microsoft’s Windows Media Player or Real Networks’ Real Player. For an annual fee of $39, you can schedule and record these programs, effectively turning your computer into a TiVo for broadcast and streaming radio.

How the hell does this work? Does the service only include stations that are streaming? If not, how do they get the signal? I gotta poke around on the RadioTime site a little more, but interesting.

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