A re-encoding MP3 streamer …
I was just talking with Doc Hodges about this for his web site. He has recently been publishing his MP3 collection (securely for himself and his family) so that they can listen from anywhere in the world. We talked about the fact that his current web interface has the ability to cue up songs for streaming, but at the default encoded rate. This tool could be used to create a lower bit-rate encoding on the fly so that when bandwidth is tight …

Icicle 0.9 (Default). A reencoding streamer for Icecast. [freshmeat.net]