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Have you looked at PDATuner. It does radio, has thousands of stations & can be had for as little as $10 (a one time license fee), depending on where you buy.
If you want internet radio stations, there's Shoutcast & Live365. Live365 has its own WM app available, both are also available via KinomaPlay. It's been long enough since I've tried it that I don't recall if both (or even either) are available in the free version. And, with the ads & interruptions in free Live365, you're likely to be happier with the paid version.
If you like satellite radio, there are free apps available at xda-developers.com, but you'll need a paid subscription to the streamed version of XM or Sirius (about $13 if you don't have a subscribed radio, $3 if you do).
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