Windows Media MMS audio streams at LuckySevenRadio.com are very easy to record. You should learn How to get the URL of a media stream first. On this web-site you can right click on a .ASX link, select "Save target as..." and then open the saved .ASX metafile with a text editor like Windows Notepad. Copy the mms:// URL and paste it into your favorite stream capturing software.

WM Recorder is the most powerful Windows media stream recorder. You don't have to worry about stream URLs with it. Just play your stream and WM Recorder will find the URL. Also WM Recorder can capture your stream automatically in the AUTO recording mode.

You may also use freeware Orbit Downloader, GAMV, SDP receiver or any other media stream recorder supporting MMS streams.

The only problem is that stream capturing software can't split tracks when recording music stream (track splitting and tagging only works for Icecast/Shoutcast and Flash MP3 radio stations). Besides capturing means that your recordings will have the file format that is being broadcasted, so here you will get .WMA files.

There are lots of audio converters that can convert .WMA files to .MP3. Replay AV can convert captured stream to MP3 or M4B after recording it, but I suggest you to convert files later on and preserve the original files. You may use a freeware audio/video converter MediaCoder.

If you don't mind to record from your sound card, you can use Replay Music. It records any broadcast to MP3 files automatically splitting and tagging audio tracks.