Is there an app for the Droid that will allow me to stream online radio stations like Winamp does?
I never used the streaming feature of winamp even though I used it exclusively in windows. Check out slacker radio, it has a ton of stations and you can even create you're own stations. Its free with minimal ads or $50 a year for no ads and unlimited song skips.
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XiiaLive is amazing at streaming ShoutCast stations. This seems like what you want.
Slacker & Pandora are good for "insert an artist/song/genre and hear similar" type stuff.
iHeartRadio is good for listening to local FM stations (only ClearChannel ones though).