Updated README, renamed it so that it is parsed as markdown

README → README.md

-icecast 2.x - README
+Icecast 2 - README
 ---------------------------------------------------------------------
 
 Icecast is a streaming media server which currently supports Ogg
-streaming including the vorbis and theora codecs. Also icecast can
-handle other streams like MP3/AAC/NSV.
+streaming including the Vorbis and Theora codecs. Also Icecast can
+handle other streams like MP3/AAC/NSV, but this is not officially
+supported.
+
 It can be used to create an Internet radio station or a privately
 running jukebox and many things in between. It is very versatile in
 that new formats can be added relatively easily and supports open
@@ -14,15 +16,16 @@ license is included with this software in the COPYING file.
 
 Prerequisites
 ---------------------------------------------------------------------
-icecast requires the following packages :
+Icecast requires the following packages:
+
+-   [libxml2][1]
+-   [libxslt][2]
+-   [curl][3] (>= version 7.10 required)
+-   [ogg/vorbis][4] (>= version 1.0 required)
 
-* libxml2 - http://xmlsoft.org/downloads.html
-* libxslt - http://xmlsoft.org/XSLT/downloads.html
-* curl - http://curl.haxx.se/download.html (>= version 7.10 required)
-  NOTE: icecast may be compiled without curl, however this will
-        disable Stream Directory server interaction (YP) and URL based 
-        authentication.
-* ogg/vorbis - http://www.vorbis.com/files (>= version 1.0 required)
+__NOTE__: Icecast may be compiled without curl, however this will
+disable Stream Directory server interaction (YP) and URL based 
+authentication.
 
 A note about prerequisite packages
 ---------------------------------------------------------------------
@@ -30,28 +33,36 @@ Most distributions have some sort of package management repository for
 pre-built packages (eg rpm, deb etc).  These setups often have a runtime
 package, which is usually installed for you by default, and enables you
 to run applications that depend on them.  However if you are building
-icecast from source then the runtime system is not enough. You will also
+Icecast from source then the runtime system is not enough. You will also
 need a development package named something like libxslt-devel
 
 Build/Install
 ---------------------------------------------------------------------
-To build icecast on a Unix platform, perform the following :
+To build Icecast on a Unix platform, perform the following:
 
 Run
-   ./configure
-   make
-   make install
+
+    ./configure
+    make
+    make install
 
 This is the typical procedure if you download the tar file.  If you retrive
-the code from subversion or want to rebuild the configure then run autogen.sh
+the code from Git or want to rebuild the configure then run the `autogen.sh`
 instead of the configure above. Most people do not need to run autogen.sh
 
-A sample config file will be placed in /usr/local/etc (on UNIX) or in 
-the current working directory (on Win32) and is called icecast.xml
+A sample config file will be placed in `/usr/local/etc` (on UNIX) or in 
+the current working directory (on Win32) and is called `icecast.xml`
 
-Documentation for icecast is available in the doc directory, by 
-viewing doc/index.html in a browser.
+Documentation for Icecast is available in the doc directory, by 
+viewing `doc/index.html` in a browser.
+Online documentation can be found on [Icecasts Website][5].
 
 Please email us at icecast@xiph.org or icecast-dev@xiph.org, or come and see
-us at irc.freenode.net, channel #icecast, if you have any troubles.
+us at irc.freenode.net, channel [#icecast][6], if you have any troubles.
 
+[1]: http://xmlsoft.org/downloads.html
+[2]: http://xmlsoft.org/XSLT/downloads.html
+[3]: http://curl.haxx.se/download.html
+[4]: http://www.vorbis.com/files
+[5]: http://icecast.org/docs/
+[6]: https://webchat.freenode.net/?channels=#icecast
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