After more than 7 months since the last update, Marco Nelissen released a long awaited new version of SoundPlay. Quite some issues seem to have been resolved, not to forget that several new features have been added. Here's the list from the Soundplay page at BeBits:

• New data-input architecture for better streaming and smoother playback from FAT filesystems
• Fixed problems when using multiple LiveEncoders
• LiveEncoder can now stream title-info to clients
• Fixed scripting bug
• Fixed recent-menu so it doesn't overlap its parent
• Allow spaces in winamp skin path- and file-names
• Fixed background color of deskbar-plugins
• Fixed ADPCM decoder

SoundPlay 4.8 is downloadable as Intel Version and PowerPC Version.