Personal Web Radio

[Matt Patterson]

I have a large collection of mp3's, many of which are of too high of a 
bitrate to directly stream over a cable modem to an outside location. I 
would like to setup some type of streaming media server that will on the 
fly produce 128 bit mp3's from my collection so I can listen from 
elsewhere in the world, and obviously I want it to be remotely controllable.

Anybody done this, have recommendations for software?

Matt