If you love listening to radio and save your favorite channels then I suggest you to install Nexus Radio. Nexus Radio is a freeware application which will help you to record your favorite radio channels. You can save the audio in many formats including MP3 and AAC. Currently Nexus Radio supports more than 7000 radio stations. You can easily search for a variety of content from different radio stations. So you can setup the application to record your favorite channels and you can listen to them at a later time. The MP3 tracks can be automatically tagged with ID3 information.
The application is totally free to use. There are more than 38 genres. The application has also got an integrated media player. You can even download visual effects for the media player. With just a single click you can record a radio channel. The application is compatible with iPhone and iPod. You can save your file in many formats like MP3, AAC, MP4, MP2, MP1, OGG, WAV & WMA. The application has also got Dynamic stream recorder with auto file naming features. The application supports 5.1 Surround Sound. So you will really get a good sound quality. It works with Vista and XP.
But before using the application you need to register at their site, which I did not like. But you can use your secondary mail id to do that.
Download it Here