Adobe CS4 project files
All you have to do is edit the Playlist.xml to your desires and you are able to have your own streaming media player 
Iv included the .fla incase anyone would like to load it into flash and see what code was used and its functions
A working example is also included
Action script 2 code that was used
stop();
playlist= new XML();
playlist.ignoreWhite=true;
playlist.onload = function (success) {
if(success) {
_global.songname = [];
_global.songfile = [];
for (var i=0; i<playlist.firstChild.childNodes.length; i++) {
_global.songname = playlist.firstChild.childNodes[i].attributes.name;
_global.songfile[i] = playlist.firstChild.childNodes[i].attributes.file;
trace(songname[i]+\" \"+songfile[i]); }
_root.createEmptyMovieClip(\"sound_mc\",1);
_root.sound_mc.sound_obj = new Sound();
_global.song_nr = random(songfile.length); _root.sound_mc.songStarter(songfile[song_nr],songname[song_nr]);
} else {display_txt.text=\"Error Loading XML\"}
}
MovieClip.prototype.songStarter = function (file, name) {
this.sound_obj.loadSound(file,true)
this.onEnterFrame = function () {
if(this.sound_obj.position>0) {
delete this.onEnterFrame;
this._parent.display_txt.text=name;
} else {
this._parent.display_txt.text=\"loading...\"
}
}
this.sound_obj.onSoundComplete = function () {
(song_nr==songfile.length-1)? _global.song_nr=0 : _global.song_nr++;
_root.sound_mc.songStarter(songfile[song_nr],songname[song_nr]);
}
}
btn_play.onRelease = function () {
this._parent.sound_mc.songStarter(songfile[song_nr],songname[song_nr]);
}
btn_stop.onRelease = function() {
this._parent.sound_mc.sound_obj.stop();
}
btn_next.onRelease = function () {
(song_nr==songfile.length-1)? _global.song_nr=0 : _global.song_nr++;
_root.sound_mc.songStarter(songfile[song_nr],songname[song_nr]);
}
btn_prev.onRelease = function () {
(song_nr==0)? _global.song_nr=songfile.length-1 : _global.song_nr--;
_root.sound_mc.songStarter(songfile[song_nr],songname[song_nr]);
}
playlist.load(\"playlist.xml\");