All new Power Record is a digital audio recorder for scheduled, timed or instant recording of AM, FM, and internet radio. It works like a VCR for streaming audio. Convert MP3,Wave, Real Audio. Use Song Grabber to record content you forgot to schedule. - Record streaming audio and internet radio in Wave, MP3, more; - Improved Automatic Gain Control means no clipping or distortion ever! - Schedule multiple events daily, weekly, or monthly recording; - Song Grabber lets you record programming you forgot to program. Listen to what you want when you want! The only limit to recording is the size of your hard drive. Listen to the best of internet radio during your commute or burn CDs of special programs.
Features:

1?Record local audio files or Internet broadcasts reproduced by otherprograms, such as RealPlayer, Windows Media Player, iTunes, MusicmatchJukebox, WinAmp, and many others.

2? Record both parties of Internet-telephony conversations when using programs like Skype, Google Talk, etc.

3? Use the time shift feature to listen to the recorded sound while arecording is being made. While listening, you can move anywhere withinthe recorded part of the sound stream and start playback.
4? Record any sound passing through any line of your sound card. Forexample, you can record sound being played back by an external program,or sound from a microphone, an external LP, cassette, CD/DVD player,AM/FM/Satellite radio, etc.

5? Background record (i.e. capture) an Internet-broadcast in MP3, WMAand Ogg Vorbis formats. This feature allows you to do the following:Record Internet broadcasts in their original format without decodingand re-encoding, Record without using an external player, Extract trackinformation from a stream, You can also play back an Internet broadcast.