Make Your Own Radio Station
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At Pandora.com, you can make your own radio station and then subscribe to it. The way it works is you type in a favorite artist or song and Pandora matches that to other artists you may enjoy to create a streaming radio station customized to your interests. You can continue to add additional artists or songs, so Pandora can really get to know you. It’s a very pleasant way to discover new artists. The only downside is that Pandora is not free — it’s either $36/year or $12/every 3 months. However, the first 10 hours are free, so you can at least get a taste of it. I’m really too cheap to pay for this service, but I’m enjoying it while it lasts.
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Mercora is free, legal but runs over P2P
I think Yahoo! has something similar to this? A free and premium service.
the radio staison is the best