Ok... I'm back to my PC platform here - thus, I re-welcome "Stereo Tool" for my processing solution!
Here are links to my stream:
http://gms.go.dyndns.org:8000/listen.pls for aacPlus V2 48kbps
http://gms.go.dyndns.org:8004/listen.pls for aacPlus V1 32kbps
Please let me know what you think about the sound quality - any artifacts that you're noticing, timbre issues, dynamic range, etc.  It plays a mix, with some holiday (Christmas) music in the rotation -- as well as my local Kansas City forecast at the top of the hour, every hour.  I haven't made any new station IDs yet, so that is disabled.
The goal here is to normalize and pre-process for artifacts - to effectively reduce bitrate as much as possible without adversely impacting quality.  Here is a sample playlist - the last ten items played:
08:35:08	Metallica - The God That Failed [Metallica (The Black Album)]
08:30:38	Disturbed - Indestructible [Indestructible]
08:25:55	Bachman Turner Overdrive - Takin' Care of Business [The Best Classic Rock - Speed Session]
08:20:28	The Who - You Better You Bet [The Ultimate Collection Disc 2]
08:17:02	Reba McEntire - Santa Claus Is Coming Back To Town [Secret Of Giving: A Christmas Collection]
08:12:47	Yes - Owner of a Lonely Heart [The Best Classic Rock - Speed Session]
08:10:16	Alan Jackson - Little Bitty [Greatest Hits, Volume II]
08:06:40	Billy Squier - The Stroke [18 Screamers From The 80's]
08:02:36	Mariah Carey - Emotions [Greatest Hits (Disc 1)]
08:01:52	Weather
Thanks!  As always, it is a work in progress.
I am using 3.40 BETA.