Direct sound recorders like Replay Radio and Replay A/V have a scheduling feature. Replay Player that is a part of Audio Video Streaming Capture Suite allows you to skip ahead in 30, 60 and 120 second increments so you can quickly skip over ads and other fluff.

Stream rippers like StreamRipper can record and play audio stream at the same time.

As for TimeShift recording, I haven't really seen such audio recorders.