Advanced MP3/WMA Recorder is a directly and real-time sound recorder software, which offers professional recording features with mp3 and wma support. Advanced MP3/WMA Recorder makes a complete sound recorder studio of your computer. With Advanced MP3/WMA Recorder you can record sound from microphone, streaming audio from the Internet, or music played by Winamp, Windows Media Player, Quick Time, Real Player, Power DVD, Flash, games, etc. Sound quality of the recordings remains excellent, or sounds even better for Advanced MP3/WMA Recorder reduces noise. Advanced MP3/WMA Recorder is able to automatically detect the recording formats your sound card supports and then set the application's parameters for the best possible performance.
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hxxp://www.xaudiotools.com/

This sounds interesting. Anyone used this software?

No but it seems interresting...

tanx for the news