Decentralized P2P Radio

From the article on O'Reillys OpenP2P:

"First there was AM. Then FM. Now, the next evolution in radio broadcast technology could very well be P2P.

What could be even more controversial than Internet radio/audio broadcasting--which has made headlines this year over the issue of royalty payments--and P2P file sharing? Probably the merging together of these banes of the music industry. Two P2P clients, PeerCast and Streamer, are exactly that. Without the need to have your own dedicated server, these programs let you stream audio files to other users on a P2P network. Essentially, you can run your own Internet radio station whenever you start up your computer and get online.

There's only one man to blame for Streamer: Iain McLeod of Warrington, U.K., who describes himself as a "self-employed computer game creator." Lately, however, the 39-year-old has been finding himself working more on Streamer, a program which he unabashedly describes as "pirate radio for the digital age" and admits that he created it in response to the music industry's recent efforts to shut down Internet radio stations over royalty payments."