OK, here's the scoop:
I installed the Extension. It went like a breeze.
What I really needed it for was not exactly what the Extension Author purposed it for ... but since I haven't much clues about PHP-From-Scratch sortta' thing, it was easy to modify the Extension so that it did fit my purposes.
I did not need to have the Extension to function as a radio/tv station list. Rather, I needed the Extension to behave as a component which would allow Users to select from a list of Audio/Visual Teaching titles (MP3's) which were being published by our Streaming Multimedia Server. So, instead of having a User choose between, say, Station A and Station B and so forth, it allows Users to choose between different Teaching titles.
The author obviously has English as a second language [possibly third :)] language and so his PHP Script shows this and the documentation is a bit scarce too. But, since it is distributed entirely free and it is fitting to our needs here alot better than other Extensions I have paid 25 dollars and upwards, I am not complaining.
If you are hosting a WebSite that is streaming a series of audio/visual media, then this will work perfectly for you. For instance: let's say a Church wishes to publish their audio/visual Sunday-after-Sunday ... well the DropDown Menu can say Sunday, Jan 19-2008 / Sunday, January 26-2008 and the User can choose which media event he wishes to connect to.
Anyways, you can use it of course for what the Extension author created it for ... connecting to Streaming Audio/Vusual sources on the Internet enabling Users to enjoy them on your WebSite. It is extremely easy to change the streaming media sources currently assigned to the Extension if you wish to listen/view to alternative Broadcasts/Stations.
I hope that is not too long a story ... but I wanted to be sure to explain everything properly so that Joomla people might easily find this will suit their needs.