Legal Music Sharing
Mercora IMRadio lets you share your music with friends and other people on the network by Webcasting a stream of music. The service boasts 25,000 to 30,000 channels of streaming music at any given time, hosted by Mercora users. Here's the Web site:
http://search.mercora.com/
You can use Mercora in a number of interesting ways. The easiest is to add a few friends (in the same way you'd add friends in an instant messaging client) and browse through their music collections. A "Similar" button can help you find new friends by comparing your music library to those of other Mercora users.
Alternatively, you can search the Mercora network for songs currently being Webcast. That's a cool feature, but it's far from perfect. With fewer than 30,000 users logged on at any given time, you're obviously going to get better results searching for The Beatles or U2 than any of the random indie stuff I often listen to. Still, you can usually find something interesting playing at any moment.
If you find a collection or a Webcast you particularly like, you can record it and play it back later. You can't save those recordings indefinitely, but you can use the record function to time-shift good Webcasts much as you would use a TiVo to record your favorite TV shows.
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