1) Because you wanted this, i feel i must give you this, 'cause you have offered me lots of things!
Well, solution, here is the way my friend! :D
How to create an internet Radio Station (with Microphone support) - Tutorial :
Visit that link (It's in ENGLISH) :
http://www.poromenos.org/tutorials/icecast
OR
2) Sam Broadcaster!
This is streaming audio software with a punch: SAM Broadcaster delivers professional sound with crossfading, gap killer, beat matching, volume normalization and 5-band compressor/limiter.
Handles even the LARGEST media libraries: SAM is powerful radio broadcasting software, featuring easy-to-manage categories.
Advanced playlist rotation logic and scheduling makes your internet radio station sound great, even if you are not in front of your computer.
The most advanced streaming encoders: Able to encode aacPlusv2, MP3, mp3PRO, WM9 and Ogg - playing on Winamp, Windows Media Player, Live365, MusicMatch, and many more!
Supports all major streaming servers, including SHOUTcast, Windows Media, Live365, SteamCast and IceCast.
View statistics in real-time: Know how many listeners are connected to your radio station at any moment. This data is also logged for performance reporting
Download Link:
http://rapidshare.com/files/23815644/SAM422.rar ---> Rar Pass: thegreekz.com