EMURadio!

[Yhor]

Or there's Opera Unite.

Opera Unite is a new technology platform allowing you to share content directly with friends without having to upload anything to a Web site. You can stream music, show photo galleries, share files and folders or even host your own Web pages directly from your browser

I find it an interesting concept. I've played around with it a little, but nothing in depth. Anyone else?

Also, I'd agree about outside US hosting. The laws and fees are just more fair.