I can play that url using cherry Rplayer on my Nexus S 4g. Here is how I got it to play...
Installed Cherry Rplayer and then on my computer using Google Chrome I opened the url and sent it to the phone using chrome to phone.
My phone then prompted me for an app to open the url...I chose Cherry Rplayer and the stream started playing. Once its playing you can favorite it. Hope it works for you