That has worked on rare occasions for me, but usually not. What bugs me is the use of streaming protocols, like RTSP (real-time streaming protocol), and in my experience if you dump a streaming url in a browser, the server will reject the request, because the request was made via http, not rtsp. I've tried putting rtsp:// in front of the url in the browser and that doesn't work either.
I have often manually downloaded the small RealMedia file (forget the filename exentions) for streaming media and opened it with a text editor... inside is a link to the source with RTSP:// in front of it. Even when putting these url's directly in a network-capable media player like Media Player Classic using "Open...", it won't work for me (BTW in MPC what does "dub" mean underneath the "open" field--they both look the same, and "dub" is not in MPC's literature?).
There was a clip on Coast To Coast AM where a person during WWII had recorded a radio broadcast in which both a slow-moving UFO sighting (and attempted attack of it by the military) as well as submarine-based bombing by the Japanese was experienced in one day on the Pacific coast.
There is almost no current memory or record of Japanese actually attacking our mainland (many educational TV shows claim that there was NO successful attack against our mainland), and of course a report of a UFO sighting in mainstream media (even for that day) is extremely rare, especially at that level of detail (of course, that one was pretty well documented; it was a big brouhaha because there were photos, lots of witnesses, the military couldn't shoot it down). I want to save the clip but I can't figure out how.
In short, I hate streaming. I think it actually wastes network bandwidth, because to listen to a file several times, you have to download it slowly each time. And you can't [easily, anyway] save it (which is the idea). The worst part is that if you go back months or years later to listen to the thing again, it will almost surely be gone.