If I thought it could've been done legally, I would've already done it just the way you've mentioned it.
Seeing that we already have all the songs in the projects section in a format recognized by every web browser, I think that is good enough and keeps the legality issue to a minimum (because you can't do much with a shockwave file without badly losing quality in the process). People can hear the songs and that's what they'd be looking for.
If you want to share LBT songs in some other way, keep this board out of it (meaning no download links to mp3 files) and email members personally.
Topic closed.