Yes but the list of stations you can listen to is very limited. The Reggae station list is particularly bad!! Almost every station in there is really a HIP-HOP station that includes the word 'reggae' somewhere in their station description!!! I think the lineup was chosen by a monkey or something!TiVo has Live365 as a Home Media App.
There are some quality stations in the Live365 list available on the Tivo. If you're into Reggae, check out DJ Hedd on the station "African Diaspora Radio". He does several live shows every weekend including a Sunday phone-in show about his homeland Sierra Leone and Africa in general (with some nice vibes thrown in always).I liked the internet radio feature on the series 3, which I'm considering getting, but once I saw that it is only Live365, and not any internet radio station you like, I was dissapointed. The rest of the features sound great and I'm itching to get back to TIVO but I'll use something else for the internet radio streaming.