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I'm currently listening to Five Live through my bluetooth speakers. I've achieved this by forgoing Banshee for this facility and turning instead to MPlayer. This was really easy, especially as I use the gmplayer GUI.

If you're in a similar position to me then firstly, you have my sympathy and secondly, do the following to hear your MPlayer output without wires:

Right-click and select Preferences; Select Audio; Select alsa; Configure driver; Type bluetooth in the Device field.

This assumes that you've done the .asoundrc magic detailed in the BlueZ Audio Wiki entry.

If you want the same to be your default in the command-line version of MPlayer, put ao=alsa:device=bluetooth in your $HOME/.mplayer/config - you can make the same change to $HOME/.mplayer/mplayerplug-in.conf to send browser plugin audio across the ether.

I'd still rather the BBC switched to Ogg Vorbis but it's better than nothing. Plus, it means that I've now set the MPlayer browser plugin up for bluetooth audio which is handy for me.

Update: Don't forget that it simply wasn't possible to set the speakers up within Windows beyond bonding with them.