Appears to work with some issues - cannot resolve hostnames. If you have a stream with an m3u playlist, grab the host out of the playlist and resolve it, then connect directly to the stream:

Nokia770-26:/home/user/MyDocs# ./streamripper 88.191.13.122:1755
Connecting...
stream: KIFradio Funk House Disco from Paris France To You Wherever You Are
server name: SHOUTcast/Linux v1.9.5
bitrate: 192
meta interval: 8192

[ripping... ] The Limit - She's So Devine (extented) [ 152kb]

etc.