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also that unless you have significant funds, some, like 'phone-ins, are effectively unavailable to you for technical reasons.
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That's not a problem nowadays, with things like Skype available. It's very easy and cheap - possibly even free. And all you need is a computer with internet access to receive them. Assuming the broadcast is done by internet too, you don't even need a cable to connect it to the radio broadcast system.
I listen to a great podcast that has phone-ins (although not live, but it's recorded as-live), and it works very very well using Skype. I believe there's a monthly fee if you want a "real" phone number that people can call with a regular landline phone, but it'd be free just for computer calls.
To address the original poster, if you can get this radio up and running and
entertaining we'd all be very very impressed.