Live will let you:

• Create a broadcast by simple drag-and-drop operations in a matter of minutes
• Keep thorough logs of your broadcast during the day, including the number of listeners for each song, any line-problems and whether any MP3 files were unusable
• Monitor your line-quality for any signal dropouts helping you ensure the best possible listening experience for your audience
• Use Winamp DSP plug-ins for special effects such as reverb or pitch control! Just drag a desired plug-in into the new Plug-ins directory, and it will show up in the Plug-ins menu. These can add special effects to your broadcast
• Add in "live voiceover" announcements
• Import Winamp playlists
• Track time left for each song and playlist