I'm always shocked when there's any sign of sanity occuring in opposition to corporate interests, but the Copyright Office has rejected the CARP recommendation. This was the proposal that would have forced webcasters to pay such enormous royalty payments that it would have pretty much shut down all small webcasters over night. You can read the details over at the Save Internet Radio and Radio And Internet Newsletter sites. On the off chance that you haven't been following this (unlikely if you're reading this web page at all!) you can find some background info in my Webcasting Legality article.
Note that while they have rejected the current proposal, we still don't know what the eventual decision will be; this just means everyone goes back to the negotiating table. But presumably the eventual decision will be less egregious than this last proposal!