Randy and Gary,
Superb idea. Go for it, guys!
I'd strongly second Sad Emo's suggestion to also make each show available as a podcast.
Here's a useful tutorial to Create your own podcast:You might also be interested in reading about INA - The International Nanocasting Alliance.
There's an interesting page on Solutions For Recording Phone Calls in Your Podcasts and Webcasts:
Hope this helps.
Best wishes.