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Unforturnately, u can't really do it without the aid of sophisticated hardware.
Software nowadays is ultimately reliant on sound and processing hardware, and ur bog standard PC stuff just won't make the grade when it comes to the conversion of shit -> good audio.
Sorry!
If you're ripping off the net, ur best bet is to find another way of getting the audio stream - ie Radio. If you download an Essential Mix for example, it would have been ripped through an FM decoder, not an internet digital stream.
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