Rather than simply simply allowing real-time recording of a radio station, the Connect can transfer a song or the song's album to the player if it is available on Yahoo!

ENGADGET: Switched On: Music in the air (Part 2)

"We are very interested in music where you have real instruments on stage and virtual sound sources, which can be coming directly from the computer or transformed from the real-time recording of instruments onstage, " he says.

NPR: IRCAM: The Quiet House Of Sound

Online transaction processing databases are used for recording transactions in real time.

FORBES: Oracle Can Milk Exadata Servers And Software For Spurt Above $40

That may be more difficult during the Berkshire Hathaway Annual Meeting since, in this age of real time financial information, Berkshire prohibits recording devices at the gala.

FORBES: 9:27 am SwissRe settlement by David Benoit

New software goes beyond passive recording to alerting law enforcement about suspicious activity in real time.

WSJ: Crovitz: In Praise of Surveillance Cameras

Discover what friends, people with similar tastes, recording artists, and more are listening to in real time and share across Twitter and Facebook.

ENGADGET: Rdio on iPhone now shows which friends are listening, web streaming hits seven countries

The combination enables the integration of voice data into Bloomberg Vault to produce electronic records in near real-time, and it will work with any existing trading floor recording system.

FORBES: Watch Your Tone -- Bloomberg Vault Now Archives Voice Too

With dual mic and dual instrument inputs, he can sing and play at the same time for some multi-track recording, but the Toneport's real strength comes from its included software that models different mic, instrument and amp types to create a whole new sound from the low-cost setup.

ENGADGET: celebrates Father's day