[Chadwycke]

I record Live365 streams to discover a lot of unusual and esoteric music and was wondering if there was any way to save the Now Playing data at the same time as the stream is being cached?

[Stream Recorder]

I've tried Replay Media Catcher (http://all-streaming-media.com/record-video-stream/Replay-Media-Catcher-HTTP-RTMP-FLV-MP3-ripper-recorder.htm), Jaksta (http://all-streaming-media.com/record-video-stream/Jaksta-Streaming-Media%20Recorder-and-Converter.htm) and Shoutcast stream rippers (http://all-streaming-media.com/record-audio-stream/mp3-audio-stream-rippers-grabbers-Download-live-Icecast-Shoutcast-compatible-radio-stations.htm) like iRadio, RadioTracker, RipCast, MP3 VCR, but I was able to download/capture the whole stream only without any song splitting and tagging.

The best software I can suggest to record music from live365 is Replay Music (http://all-streaming-media.com/record-audio-stream/Replay-Music-record-any-web-radio-station-or-streaming-music-service.htm). Although it record sound produced by your sound card, it can split and tag songs.