I'm happy to report that RADIO RIP was updated this morning (10/28) and it now has a TIMER/SCHEDULER!
Why is this a big deal? Because this essentially lets your Droid act as a Tivo for Radio. For example, there's a jazz show called "Bird Flight" that comes on WCKR, the Columbia University radio station every weekday morning at 5:20 am - 7:00 am in my time zone. I'm usually asleep at that time, but now I can set RADIO RIP to record "Bird Flight" while I sleep and then I can listen to it later in the day at my convenience.
RADIO RIP lets you do that for four different shows. So I can also automatically record my favorite talk/political show too. (Well maybe. That show runs from 6 am - 9am and I'm not sure how Radio Rip handles simultaneous shows, but I'll test and report back.)
Being hypercritical as I am, I still have a nitpick with the scheduler. It doesn't yet allow for repeated events, so I'll have to reset it every night.
But maybe in the next update, Spartacus Rex, the developer, can add a function to repeat the recording on specified weekdays. And maybe even add a wake-up alarm too.
But for now, even without repeated events and alarms, this app stands unique in the Android market. Check it out!