If you want to burn the MP3 files onto CD-R's, post them on your website or even load them into your iTunes, it's up to you! There's no limit to what you can do with this neat little device.

Sure, you can purchase them directly from Sirius or XM Radio that can capture streaming radio and save it onto your portable player for later listening. For instance, XM's Samsung Nexus, the Sirius S50 or the Dell DJ MP3 satellite one will store up to 50 hours of time-shifted content and record your favorite shows.

However, the shortcoming is that the contents are only available on that particular device. While you can plug your portable gadget into your car, home stereo or in some cases your computer, you won't be able to effectively transfer individual songs or hours of broadcast back to your computer.

Time Trax is fantastic news for people who have already invested $400 in an iPod and would rather not purchase a separate device to stream radio. This can also be the perfect solution for that late-night exclusive concert or interview programming.

The software works with most XM and Sirius receivers - notably, XM PCR tuners, XM Direct receivers, as well as the Sirius Sportscaster, Sirius Connect Kenwood, Sirius Connect JVC, Sirius Connect Pioneer and Sirius Connect Alpine receivers. It won't work with the SkiFi or MiFi satellite radios at the moment, but generally it's compatible with the most popular models of MP3 satellite radio.

What will you need to get started with Time Trax? First, you'll obviously need your MP3 satellite radio and a subscription to either Sirius or XM, or simply an online subscription. If you just want to record off the internet and convert it to MP3 format for your iPod, you can choose to download the software for $49.

The other option is for people who want to record from their receivers. These Sirius or XM subscribers can purchase the Time Trax Complete package for $169.99, which includes a small adapter, a receiver, a USB cable, a stereo adapter cable and an AC power adapter.

It's actually quite simple when you really look at the configuration - the USB cable connects from the Time Trax adapter to your computer and the other included cable connects the Time Trax adapter to your Sirius or XM receiver.

Check out TimeTraxTech website for more information. There has been some speculation about the viability of this innovation over time. MP3 satellite radio sales have diminished slightly from the introduction of Time Trax software.

As a result, XM Radio has taken several steps to shut down Time Trax's operation, as it interferes with their exclusive Napster contract and some of their product sales (notably the portable satellite radios that compete against iPods). Despite ongoing threats, Time Trax developer Elliott Fruitkin continues to create new technology to help the average user problem solve.