Where are you? I have a pretty damn sweet FM > MD recording setup. It's in my car's dash, where I get excellent reception, and the tuner is built in with the recorder, so sound quality is always exactly as good as the original transmission.
If it can be heard from Chicago, let me know. I'll tape it.
EDIT: Oh shit, you're in Australia... yeah, I don't have any good shortwave equipment.
Good luck man!
EDIT2: And yeah, I've heard satellite digital broadcasts on the XM network, and I wasn't really all that thrilled with it. It sounded off to me, maybe too "digital", I don't know the right word, but it convinced me to hold off on satellite for a little while. Besides, it would be a bitch to get satellite to work with my current in-dash setup and be able to record from it too, unless I sell my six disc CD changer and wire the satellite receiver into the digital in on my MD recorder-receiver. Hmmmm