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This depends a lot on how your service operates, the MP3's it is streaming, etc. Are you doing something illegal? It all depends on the files being played. I don't know MP3raid very well, but essentially, you are expecting them to make sure that any mp3's being played are not breaking copyright law.
As to whether you are a distributor or content provider, as implied by willcode4beer, I think you have a few different considerations, as you aren't actually providing the music per se, but are using a file provided by another site.
what you may want to look out for is that you are using Artists names one your site, indicating that you are playing their music and are allowed to legally. That will get you in some hot water.
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www.jeffreyneu.com
Internet|Technology|Intellectual Property
No posting shall be viewed as legal advice.
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