Tray Radio is a very nice radio and MP3 player with great potential. Everything works with an icon in your systray. (icon at the bottom right next to your clock).

Key features:
Easy add radio stations
Set your own favorite stations
Record Radio stations
All Radio Station are regularly checked for operation
Automatic updating of stations
Equalizer
Playback MP3, M4a, WMA and FLAC files
Jukebox option (full screen)
Lyrics
Multi user
Freeware
Commercial, virus, spyware and adware free!