MIDI Converter
Software includes a powerful audio editor that can be used to convert MIDI to MP3, WMA, WAV, OGG, etc. This is accomplished by recording the MIDI as it plays, and saving to the desired format.
http://www.blazemp.com/midi_converter.htm
Record Streaming Music
Record audio from web streams, including Rhapsody, Napster, online radio like Yahoo Launch, Winamp radio, and more) to MP3, WMA, WAV, OGG, etc. Also features editing, conversion, burning, and ripping.
http://www.blazemp.com/record_streaming_audio.htm