Heh - yup - Super K5 magic with a bit of technology on the backside.
I do it 2 ways. The first is using an app for the internet stream that has record capabilities and saves to mp3. It's a Mac app that is currently being redeveloped, so this version is no longer being supported -- I'm waiting for the day it breaks. (I believe there are Windows apps out there to do this, but I don't know for sure.)
The second was having the home dock setup for my Starmate, and using line-out to my Mac. Requires an add-on app called LineIn if I want to actually hear it on my laptop. I use Audacity to grab the feed and record that. I don't know that the Stilleto has a line out, though. (And I say *was* because I removed the outdoor antenna for winter since it leaves a slight gap in my storm window that was becoming an issue with all of the arctic temps we've been having this year

)
All edits, clips and segments are edited out using Audacity as well. It's a great audio editing app.