I would try Wave. If that doesn't work, it sounds like you've got a rare soundcard that doesn't have that option.
Vax... in reply to the "let's not get into an OS debate, but here's a potshot" thing... I am thinking of writing an article that addresses that "intuitive" myth, among other MS myths. I'll probably never finish it. Besides, these are people who seem to have chosen not to intuit.
I don't know if there are additional licensing costs for podcasts or not. None that I've heard of... I'll look into it, but in the meantime, if you go to
The Fusion Reactor you can find podcasts of a show by a certain bald AM listener.
If they suddenly disappear, you'll know why.