Streamripping from Sirius Web Radio?

Sirius embeds windows media player into the web browser with active x controls to stream their satellite radio. I am a subscriber and I was wondering if it is possible to somehow rip the content like using streamripper for winamp. I haven’t been able to load the stream directly into wmp, but I assume it can work since that is the format they are using.

Any suggestions? I could use a recorder that records real time through the soundcard, but I think that would just give me one huge file, not see the song changes in the stream.